Tutor Perini Corp reports results for the quarter ended June 30 - Earnings Summary

• Tutor Perini Corp TPC.N reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of three analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 29 cents to 43 cents per share.

• Revenue rose 21.8% to $1.37 billion from a year ago; analysts expected $1.27 billion.

• Tutor Perini Corp's reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of $19.97 million.

• Tutor Perini Corp shares had risen by 1.9% this quarter and gained 96.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

• Wall Street's median 12-month price target for Tutor Perini Corp is $54.50, about 13.2% above its last closing price of $47.28

This summary was machine generated from LSEG data August 7 at 03:51 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)