The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Tutor Perini missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Tutor Perini chalked up revenue of $1.11 billion. The two analysts polled by S&P Capital IQ expected revenue of $1.15 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.66. The two earnings estimates compiled by S&P Capital IQ anticipated $0.66 per share. Non-GAAP EPS of $0.66 for Q4 were 32% higher than the prior-year quarter's $0.50 per share. GAAP EPS of $0.86 for Q4 were 72% higher than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 11.3%, 10 basis points better than the prior-year quarter. Operating margin was 5.5%, 90 basis points better than the prior-year quarter. Net margin was 3.7%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $968.2 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $4.53 billion. The average EPS estimate is $2.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 586 members out of 607 rating the stock outperform, and 21 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 156 give Tutor Perini a green thumbs-up, and three 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 $20.50.
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