Tutor Perini (TPC): Assessing Valuation After Earnings Beat and Upgraded Growth Expectations

Tutor Perini (TPC) is back on traders screens after upward earnings estimate revisions and a quarter that topped Wall Street expectations, putting fresh attention on its revenue trajectory and valuation story.

See our latest analysis for Tutor Perini.

The latest earnings beat and estimate upgrades come on top of a powerful run, with the share price at $67.82 after a year-to-date share price return above 180 percent and a three-year total shareholder return near 800 percent, suggesting momentum investors are still reassessing the company’s risk-reward profile.

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Yet even after this surge, Tutor Perini still trades at a notable discount to analyst targets and screens as undervalued on several metrics. This raises the key question: is there real upside left, or is future growth already priced in?

Most Popular Narrative: 24% Undervalued

Compared with Tutor Perini’s last close at $67.82, the most widely followed narrative pegs fair value materially higher, framing today’s rally as only a partial rerating.

Record backlog growth now at an all time high of $21.1 billion (up 102% YoY) provides strong visibility and multi year revenue predictability, as a series of major projects ramp up over the next several years.

Read the complete narrative.

Curious how that towering backlog supposedly turns deep current losses into healthy profits and a richer earnings multiple within a few years? The narrative leans on aggressive revenue expansion, sharp margin repair, and a future valuation multiple that still undercuts many peers. Want to see the exact growth and profitability path that has been mapped out, step by step, to justify that higher fair value?

Result: Fair Value of $89 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent litigation risks and execution challenges on mega-projects could quickly undermine margin recovery and derail the optimistic earnings trajectory.

Find out about the key risks to this Tutor Perini narrative.

Build Your Own Tutor Perini Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a custom view in just a few minutes: Do it your way

A great starting point for your Tutor Perini research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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