General contracting company Tutor Perini (NYSE: TPC) will be reporting earnings tomorrow after the bell. Here’s what investors should know.
Tutor Perini missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $1.07 billion, up 4.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.
Is Tutor Perini a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Tutor Perini’s revenue to grow 1.8% year on year to $1.07 billion, slowing from the 35.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tutor Perini has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Tutor Perini’s peers in the construction and maintenance services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Comfort Systems delivered year-on-year revenue growth of 19.1%, beating analysts’ expectations by 4.2%, and Orion reported revenues up 17.4%, topping estimates by 8.8%. Comfort Systems traded up 5.6% following the results while Orion’s stock price was unchanged.
Read our full analysis of Comfort Systems’s results here and Orion’s results here.
There has been positive sentiment among investors in the construction and maintenance services segment, with share prices up 12.3% on average over the last month. Tutor Perini is up 13.6% during the same time and is heading into earnings with an average analyst price target of $39.50 (compared to the current share price of $22.76).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
