The 10-second takeaway
For the quarter ended March 31 (Q1), Tutor Perini met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share expanded.
Margins expanded across the board.
Tutor Perini booked revenue of $992.9 million. The two analysts polled by S&P Capital IQ wanted to see a top line of $983.2 million on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $912.5 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 $0.31. The two earnings estimates compiled by S&P Capital IQ averaged $0.24 per share. GAAP EPS were $0.31 for Q1 versus -$0.03 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 10.1%, 70 basis points better than the prior-year quarter. Operating margin was 3.6%, 170 basis points better than the prior-year quarter. Net margin was 1.5%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $4.52 billion. The average EPS estimate is $1.85.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 581 members out of 603 rating the stock outperform, and 22 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Tutor Perini a green thumbs-up, and five 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 $22.00.
If you're interested in companies like Tutor Perini, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.
- Add Tutor Perini to My Watchlist.