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

Tutor Perini

02/08/2024 03:31

* Tutor Perini Corp  TPC.N  reported quarterly adjusted
earnings
of 2 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -72 cents.  The mean expectation of three analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 11 cents to 23 cents per share.
    * Revenue rose 10.3% to $1.13 billion from a year ago;
analysts
expected $1.14 billion. 
    * Tutor Perini Corp's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $812
thousand.
    * Tutor Perini Corp shares had risen by 14.3% this
quarter and
gained 173.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.2%
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 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Tutor Perini Corp
is $27.00 
This summary was machine generated from LSEG data August 2 at
02:30 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
 Jun. 30 2024      0.17           0.02           Missed
 Mar. 31 2024      -0.17          0.30           Beat
 Dec. 31 2023      0.13           -0.91          Missed
 Sep. 30 2023      0.09           -0.71          Missed