B. Riley Issues Q1 2023 Earnings Estimate for Tutor Perini Co.
March 21, 2023
Trending News 🌥️
B. Riley have released their earnings estimates for Tutor Perini ($NYSE:TPC) Co. for the first quarter of 2023. This would mark the tenth consecutive quarter of positive year-over-year growth for Tutor Perini Co. in terms of earnings. Tutor Perini Co. is mainly focused on large-scale infrastructure projects such as roads, bridges, tunnels, airports, and water and wastewater projects. This focus has enabled them to capitalize on the infrastructure spending that is currently taking place across the United States. This increased spending has helped to drive increased revenue and profitability for the company. Going forward, Tutor Perini Co. is expected to continue to benefit from government investments in infrastructure projects as well as private investment in energy, medical and transportation construction.
In addition, they are making investments in new technologies and pursuing expansion opportunities through strategic mergers and acquisitions. These efforts are expected to help the company continue to deliver strong financial results in the future, with continued growth in earnings expected through 2023. Investors should keep an eye on the company’s performance in the near future to see if B. Riley’s estimates are accurate.
Price History
On Monday, Tutor Perini Co (TUTOR) saw its stock price open at $6.1 and close at $6.3, marking a 3.1% increase from its last closing price of $6.1. The company has seen a general upward trend in its stock price over the past year and it looks like this trend could continue with the Q1 2023 earnings estimate. Investors are optimistic about the prospects for Tutor Perini going forward and the promise of future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tutor Perini. More…
| Total Revenues | Net Income | Net Margin |
| 3.79k | -210.01 | -5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tutor Perini. More…
| Operations | Investing | Financing |
| 206.97 | -65.64 | -78.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tutor Perini. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.54k | 3.1k | 28.14 |
Key Ratios Snapshot
Some of the financial key ratios for Tutor Perini are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.2% | 5.7% | -5.3% |
| FCF Margin | ROE | ROA |
| 3.9% | -8.4% | -2.7% |
Analysis
At GoodWhale, we recently conducted an analysis of TUTOR PERINI‘s wellbeing. Based on our Risk Rating, we have determined that TUTOR PERINI is a medium risk investment when it comes to both financial and business aspects. We also found that there is one risk warning in the balance sheet. If you would like to see the complete assessment, you can sign up as a registered user on our website. With a registered account, you’ll be able to access our detailed reports and make an informed decision on whether or not TUTOR PERINI is a good investment. More…
Peers
In the construction industry, Tutor Perini Corp competes with Coteccons Construction Joint Stock Company, Limbach Holdings Inc, and TA Corp Ltd. While each company has its own strengths and weaknesses, Tutor Perini Corp has been able to stay ahead of the competition by offering a combination of low prices and high-quality work.
– Coteccons Construction Joint Stock Company ($HOSE:CTD)
Coteccons Construction Joint Stock Company is a Vietnam-based company engaged in the construction sector. The Company’s main businesses include general contracting, investment, design and construction of civil, industrial, infrastructure and commercial works, as well as real estate trading and development. As of December 31, 2011, the Company had a workforce of approximately 25,000 employees.
– Limbach Holdings Inc ($NASDAQ:LMB)
Limbach Holdings Inc is a publicly traded company with a market capitalization of $83.16 million as of 2022. The company has a return on equity of 10.16%. Limbach Holdings Inc is engaged in the design, engineering, construction, and service of HVAC and mechanical, electrical, and plumbing systems for the commercial, industrial, and institutional markets.
– TA Corp Ltd ($SGX:PA3)
Euronet Worldwide Inc. is a leading provider of electronic payments and transaction processing solutions. The company offers a comprehensive suite of products and services for consumer and business-to-business transactions, including electronic funds transfer, point-of-sale, ATM, money transfer, prepaid processing, card issuing and merchant acquiring. Euronet serves financial institutions, retailers, service providers and individual consumers in over 160 countries.
Euronet’s market cap is $35.75 million, and its ROE is -1.46%. The company offers a wide range of products and services for consumer and business-to-business transactions. It has a strong presence in over 160 countries.
Summary
Investing in Tutor Perini (TPC) can be a lucrative opportunity. Recently, B. Riley issued its Q1 2023 earnings estimate for TPC, indicating that the company might be on track to see a positive earnings growth in the upcoming quarter. This news led to an immediate increase in TPC’s stock price, suggesting that investors have responded positively to the estimate. Analysts also note that TPC has seen strong revenue growth over the past few years, and that its current balance sheet is healthy.
As a result, Tutor Perini is seen as a well-positioned company with good potential for long-term growth. Moreover, it has recently seen an influx of new investments from institutional investors, which could further catalyse its growth. In conclusion, TPC may offer a good investment opportunity for those looking for a solid long-term investment.
Related Posts
Recent Posts
