Tutor Perini First Quarter 2024 Earnings: Beats Expectations

Tutor Perini (NYSE:TPC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.05b (up 35% from 1Q 2023).
• Net income: US$15.8m (up from US$49.2m loss in 1Q 2023).
• Profit margin: 1.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.30 (up from US$0.95 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tutor Perini Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are up 34% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Tutor Perini that we have uncovered.

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