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