It's been a pretty great week for Tutor Perini Corporation (NYSE:TPC) shareholders, with its shares surging 16% to US$30.51 in the week since its latest quarterly results. It was a pretty negative result overall, with revenues of US$1.1b missing analyst predictions by 7.2%. Worse, the business reported a statutory loss of US$1.92 per share, a substantial decline on analyst expectations of a profit. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the consensus forecast from Tutor Perini's dual analysts is for revenues of US$5.02b in 2025. This reflects a notable 17% improvement in revenue compared to the last 12 months. Tutor Perini is also expected to turn profitable, with statutory earnings of US$1.85 per share. Before this earnings report, the analysts had been forecasting revenues of US$5.05b and earnings per share (EPS) of US$1.67 in 2025. Although the revenue estimates have not really changed, we can see there's been a decent improvement in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
The consensus price target was unchanged at US$33.50, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. One thing stands out from these estimates, which is that Tutor Perini is forecast to grow faster in the future than it has in the past, with revenues expected to display 14% annualised growth until the end of 2025. If achieved, this would be a much better result than the 5.3% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 8.6% per year. So it looks like Tutor Perini is expected to grow faster than its competitors, at least for a while.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Tutor Perini's earnings potential next year. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$33.50, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Tutor Perini going out as far as 2026, and you can see them free on our platform here.
You can also see whether Tutor Perini is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
