The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Tutor Perini missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Gross margins grew, operating margins contracted, net margins dropped.
Tutor Perini notched revenue of $1.11 billion. The three analysts polled by S&P Capital IQ expected a top line of $1.17 billion on the same basis. GAAP reported sales were 62% higher than the prior-year quarter's $688.0 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 $0.50. The three earnings estimates compiled by S&P Capital IQ predicted $0.75 per share. GAAP EPS of $0.50 for Q4 were 25% higher than the prior-year quarter's $0.40 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 11.2%, 70 basis points better than the prior-year quarter. Operating margin was 4.6%, 10 basis points worse than the prior-year quarter. Net margin was 2.2%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $4.53 billion. The average EPS estimate is $2.25.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 589 members out of 610 rating the stock outperform, and 22 members rating it underperform. Among 172 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 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 outperform, with an average price target of $24.67.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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