Tutor Perini Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

Tutor Perini (NYS: TPC) reported earnings on May 1. Here are the numbers you need to know.

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.

Revenue details
 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 details
 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.

Margin details
 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.)

Looking ahead
 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.

Investor sentiment
 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.

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The article Tutor Perini Beats Analyst Estimates on EPS originally appeared on Fool.com.

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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. 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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