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Stock impact report

Tutor Perini Shares Hit 52-Week High After 4Q Revenue Beat [MarketWatch]

Tutor Perini Corporation (TPC) 
Last tutor perini corporation earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: MarketWatch
The stock hit its 52-week high of $12.39 earlier in the session, and is up 46% in the past 12 months. Advertisement The construction company said it had quarterly revenue of $1.02 billion, compared with $906.6 million in the same quarter last year. Analysts polled by FactSet were looking for revenue of $988.7 million. The company has a loss of $47.5 million, or 91 cents a share, compared with last year's loss of $92.9 million, or $1.80 a share. Analysts were expecting earnings of $7 million, or 13 cents a share. Tutor Perini's backlog as of Dec. 31 was $10.2 billion, but 28% from last year. The company expects "significant" backlog growth in 2024 and 2025. It also expects double-digit revenue growth in 2024, and a return to positive earnings. The company gave initial 2024 earnings guidance of 85 cents to $1.10 a share, while analysts are looking for 2024 EPS of $1.57. Write to Chris Wack at chris.wack@wsj.com Show less Read more
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