Tutor Perini's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Tutor Perini (NYSE:TPC) is scheduled to release its quarterly earnings report on February 28, 2024, with an estimated EPS of $0.13. The company's past earnings performance shows a history of missing EPS estimates, which has sometimes led to negative stock price movements. Shares of Tutor Perini were trading at $9.15 as of February 26, showing an 8.36% increase over the last 52 weeks. Investors are looking for not only an earnings beat but also positive guidance for the next quarter.
February 27, 2024 | 8:01 pm
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NEUTRAL IMPACT
Tutor Perini is expected to announce its quarterly earnings with an anticipated EPS of $0.13. Historical performance shows a trend of missing EPS estimates, which has occasionally led to declines in stock price. Currently, shares have seen an 8.36% increase over the last year.
Given Tutor Perini's history of missing EPS estimates and the subsequent stock price reactions, the upcoming earnings report is crucial. However, the stock's positive year-to-date performance suggests a balanced outlook. The anticipation of positive guidance could mitigate potential negative reactions to an earnings miss, making the short-term impact neutral.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100