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

Tutor Perini

26/04/2024 09:32

* Tutor Perini Corp  TPC.N  reported quarterly adjusted
earnings
of 30 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -95 cents.  The mean expectation of two analysts for the
quarter was for a loss of 17 cents per share. Wall Street
expected results to range from -18 cents to -16 cents per share.
    * Revenue rose 35.1% to $1.05 billion from a year ago;
analysts
expected $874.63 million. 
    * Tutor Perini Corp's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of $15.76
million.
    * Tutor Perini Corp shares had fallen by 3.9% this
quarter and
gained 52.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 194.4% 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 $15.50 
This summary was machine generated from LSEG data April 26 at
08:32 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
 Mar. 31 2024      -0.17          0.30           Beat
 Dec. 31 2023      0.13           -0.91          Missed
 Sep. 30 2023      0.09           -0.71          Missed
 Jun. 30 2023      -0.04          -0.72          Missed