TUTOR PERINI Reports Q3 2023 Earnings Results for Fiscal Year 2023
November 22, 2023
🌥️Earnings Overview
TUTOR PERINI ($NYSE:TPC) declared their results for the third quarter of the fiscal year 2023 on September 30th of that same year. Their total revenue for that quarter was USD 1060.7 million, a decrease of 1.0% from the same quarter of the previous year.
Market Price
The stock opened at $7.6 and closed at $7.4, a drop of 3.0% from its previous closing price of 7.6. The report showed an overall decline in earnings compared to the same period last year, but also noted that the company’s outlook remains strong. Despite the lower-than-expected earnings results for the quarter, TUTOR PERINI indicated that it is continuing to make strides in cost-cutting efforts and that it continues to be well-positioned to benefit from long-term growth opportunities. Moving forward, they plan to focus on enhancing their operational efficiencies and expanding their presence in key markets around the world. 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 |
| 3.77k | -216.54 | -5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tutor Perini. More…
| Operations | Investing | Financing |
| 136.5 | -70.19 | -79.41 |
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 |
| 4.49k | 3.15k | 25.59 |
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 |
| -9.9% | 5.7% | -4.7% |
| FCF Margin | ROE | ROA |
| 2.0% | -8.2% | -2.5% |
Analysis
GoodWhale analysed the fundamentals of TUTOR PERINI and has classified it as an ‘elephant’, a type of company that is rich in assets after liabilities are deducted. Investors who are looking to invest in companies with a secure financial standing may be interested in this type of company. The health score of TUTOR PERINI is 6/10 when it comes to cashflow and debt, indicating that the company may be able to safely ride out any crisis without the risk of bankruptcy. In terms of other aspects, TUTOR PERINI is strong in certain areas, medium in asset and weak in dividend, growth and profitability. 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
TUTOR PERINI reported their earnings for Q3 of the fiscal year 2023 with total revenue of USD 1060.7 million, a decrease of 1.0% from the same quarter of the previous year. Net income for the quarter was USD -36.9 million, compared to -32.5 million in the corresponding quarter of the previous year. This led to a stock price drop on the same day.
Investing in TUTOR PERINI appears to be risky, given the uncertainty in the company’s financial performance. Investors should closely monitor the company’s financials and results to gain insight into the potential risks and rewards associated with investing in the company.
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