As you might know, Tutor Perini Corporation (NYSE:TPC) just kicked off its latest quarterly results with some very strong numbers. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 17% higher than the analysts had forecast, at US$1.2b, while EPS were US$0.53 beating analyst models by 490%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Tutor Perini after the latest results.

Our free stock report includes 1 warning sign investors should be aware of before investing in Tutor Perini. Read for free now.NYSE:TPC Earnings and Revenue Growth May 10th 2025

After the latest results, the four analysts covering Tutor Perini are now predicting revenues of US$5.12b in 2025. If met, this would reflect a decent 13% improvement in revenue compared to the last 12 months. Tutor Perini is also expected to turn profitable, with statutory earnings of US$1.81 per share. Before this earnings report, the analysts had been forecasting revenues of US$4.95b and earnings per share (EPS) of US$1.68 in 2025. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.

See our latest analysis for Tutor Perini

It will come as no surprise to learn that the analysts have increased their price target for Tutor Perini 6.3% to US$42.00on the back of these upgrades. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Tutor Perini, with the most bullish analyst valuing it at US$45.00 and the most bearish at US$40.00 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Of course, another way to look at these forecasts is to place them into context against the industry itself. One thing stands out from these estimates, which is that Tutor Perini is forecast to grow faster in the future than it has in the past, with revenues expected to display 18% annualised growth until the end of 2025. If achieved, this would be a much better result than the 5.2% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 7.7% annually. So it looks like Tutor Perini is expected to grow faster than its competitors, at least for a while.

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The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Tutor Perini's earnings potential next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Tutor Perini going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for Tutor Perini that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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