Tutor Perini Corp reports results for the quarter ended in December - Earnings Summary

Tutor Perini

29/02/2024 03:29

* Tutor Perini Corp  TPC.N  reported a quarterly adjusted
loss
of 91 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-1.80.  The mean expectation of two analysts
for the quarter was for earnings of 13 cents per share. Wall
Street expected results to range from 7 cents to 19 cents per
share.
    * Revenue rose 12.7% to $1.02 billion from a year ago;
analysts
expected $988.71 million. 
    * Tutor Perini Corp's reported EPS for the quarter was a
loss
of 91 cents​.
    * The company reported a quarterly loss of $47.53 million.
    * Tutor Perini Corp shares had fallen by 0.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is  "hold."

Wall Street's median 12-month price target for Tutor Perini Corp
is $11.00 
This summary was machine generated from LSEG data February 29 at
03:29 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.13           -0.91          Missed
 Sep. 30 2023      0.09           -0.71          Missed
 Jun. 30 2023      -0.04          -0.72          Missed
 Mar. 31 2023      -0.04          -0.95          Missed