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


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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