Tutor Perini (TPC) Rises Higher Than Market: Key Facts

In the latest close session, Tutor Perini (TPC) was up +2.37% at $47.46. The stock's change was more than the S&P 500's daily gain of 0.48%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.94%. Shares of the construction company witnessed a gain of 20.57% over the previous month, beating the performance of the Construction sector with its gain of 6.17%, and the S&P 500's gain of 5.13%.The upcoming earnings release of Tutor Perini will be of great interest to investors. On that day, Tutor Perini is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 52.63%. Simultaneously, our latest consensus estimate expects the revenue to be $1.23 billion, showing a 9.22% escalation compared to the year-ago quarter. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.75 per share and a revenue of $5.13 billion, representing changes of +155.91% and +18.65%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for Tutor Perini. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Tutor Perini is holding a Zacks Rank of #1 (Strong Buy) right now. With respect to valuation, Tutor Perini is currently being traded at a Forward P/E ratio of 26.57. This signifies a premium in comparison to the average Forward P/E of 22.51 for its industry. The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 2, placing it within the top 1% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tutor Perini Corporation (TPC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks