Tutor Perini Earnings Forecasts Hold Steady as Growth Is Projected
Consensus estimates point to higher earnings and sales, while the contractor’s latest quarterly results beat analyst expectations.
Key takeaways
- Current-quarter EPS is forecast at $1.34, up 16.5% year over year.
- Tutor Perini reported $1.64 billion in revenue and $1.74 in EPS in its last reported quarter.
- The company beat consensus EPS estimates in each of the trailing four quarters.
Tutor Perini’s earnings estimates for the current quarter and coming fiscal years were unchanged over the past month, while still pointing to year-over-year growth, according to Zacks consensus data. Current-quarter earnings are forecast at $1.34 per share, up 16.5% from a year earlier.
The fiscal-year EPS estimate is $5.39, a projected 25.6% increase from the prior year. For the next fiscal year, the estimate is $6.10 per share, up 13.2%. Zacks consensus sales estimates call for $1.62 billion in the current quarter, $6.28 billion for this fiscal year and $6.95 billion for the next.
In its last reported quarter, Tutor Perini posted $1.64 billion in revenue, up 19.2% year over year, and EPS of $1.74, compared with $1.41 a year earlier. Revenue beat the $1.56 billion consensus estimate by 4.8%, and EPS beat estimates by 27.94%.
The company beat consensus EPS estimates in each of the trailing four quarters and topped revenue estimates three times. Over the past month, its shares returned -1.7%, while the Zacks S&P 500 composite gained 0.6% and the company’s industry lost 1.4%.
This article was produced with the help of AI technology. Source: Yahoo Finance
