Tutor Perini Falls 2.23% as Investors Await Earnings
The construction company's shares underperformed the S&P 500 in the session, while analysts expect higher quarterly earnings and revenue.
Tutor Perini closed at $82.52, down 2.23% from the prior session. The move was steeper than the S&P 500's 0.25% decline and the Dow's 0.86% drop. The Nasdaq rose 0.24%.
Over the past month, Tutor Perini shares fell 2.47%. That was a smaller decline than the Construction sector's 4.32% loss, but larger than the S&P 500's 0.42% drop.
Zacks Consensus Estimates project quarterly earnings of $1.34 per share, up 16.52% from the same quarter last year. The consensus revenue estimate is $1.62 billion, a 14.31% increase.
For the full year, Zacks estimates earnings of $5.39 per share and revenue of $6.28 billion. Those figures represent projected increases of 25.64% and 13.35%, respectively, from the prior year. The consensus estimate for earnings per share was unchanged over the past month.
This article was produced with the help of AI technology.
Source: Yahoo Finance
