Tutor Perini (NYSE:TPC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.08b (up 2.1% from 3Q 2023).

• Net loss: US$100.9m (loss widened by 173% from 3Q 2023).

• US$1.93 loss per share (further deteriorated from US$0.71 loss in 3Q 2023).

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

Tutor Perini Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are up 28% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Tutor Perini's balance sheet.

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