Tutor Perini third quarter 2022 results: revenue beats expectations, EPS lags

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Tutor Perini (NYSE:TPC) Third Quarter 2022 Results

Main financial results

  • Revenue: $1.07 billion (down 9.1% from Q3 2021).
  • Net loss: $32.5 million (down 311% from profit of $15.4 million in Q3 2021).
  • Loss of $0.63 per share (vs. profit of $0.30 in 3Q 2021).
NYSE: TPC Earnings and Revenue Growth November 4, 2022

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

Tutor Perini revenue beats expectations, EPS falls short

Revenue beat analysts’ estimates by 12%. Earnings per share (EPS) missed analysts’ estimates.

Looking ahead, revenue is expected to grow by an average of 8.0% per year over the next 3 years, compared to a growth forecast of 6.9% for the construction industry in the United States.

Performance of the American construction industry.

The company’s shares rose 5.7% from a week ago.

Risk analysis

Before concluding, we discovered 1 warning sign for Tutor Perini of which you should be aware.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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