Tutor Perini (NYSE: TPC ) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Tutor Perini whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Tutor Perini logged revenue of $985.3 million. The two analysts polled by S&P Capital IQ hoped for sales of $1.11 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $819.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.16. The two earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS were -$7.35 for Q2 against $0.41 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.8%, 180 basis points worse than the prior-year quarter. Operating margin was 2.3%, 220 basis points worse than the prior-year quarter. Net margin was -35.4%, 3,780 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.27 billion. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $4.57 billion. The average EPS estimate is $1.58.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 594 members out of 618 rating the stock outperform, and 24 members rating it underperform. Among 143 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give Tutor Perini a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tutor Perini is buy, with an average price target of $22.67.
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