Tutor Perini Q3 revenue beats estimates on record backlog

Tutor Perini

05/11/2025 21:37

Overview

Tutor Perini Q3 revenue grows 31% yr/yr, beating analyst expectations

Adjusted EPS for Q3 2025 rises significantly compared to Q3 2024

Company raises 2025 adjusted EPS guidance to $4.00-$4.20

Outlook

Tutor Perini raises 2025 Adjusted EPS guidance to $4.00-$4.20

Company expects 2026 and 2027 Adjusted EPS to exceed 2025 guidance

Company sees strong demand for services from well-funded projects

Result Drivers

HIGHER-MARGIN PROJECTS - Increased project execution activities on newer, larger, higher-margin projects drove revenue growth

RECORD BACKLOG - Record backlog of $21.6 bln due to $2 bln of new awards and contract adjustments

STRONG CASH FLOW - Record operating cash flow driven by collections from newer and ongoing projects

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.42 bln
$1.38 bln (3 Analysts)
Q3 EPS
$0.07
Q3 Net Income
$18.85 mln
Q3 Gross Profit
$169.40 mln
Q3 Pretax Profit
$34.002 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Tutor Perini Corp is $75.00, about 12.4% above its November 4 closing price of $65.72

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBwb7v8QYa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)