Tutor Perini (TPC) Q4 Earnings Report Preview: What To Look For

General contracting company Tutor Perini (NYSE:TPC) will be reporting earnings tomorrow after market close. Here’s what investors should know.

Tutor Perini beat analysts’ revenue expectations last quarter, reporting revenues of $1.42 billion, up 30.7% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

This quarter, the market is expecting Tutor Perini’s revenue to grow 26.7% year on year, improving from the 4.5% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tutor Perini has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Tutor Perini’s peers in the construction and maintenance services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Primoris delivered year-on-year revenue growth of 6.7%, beating analysts’ expectations by 3.3%, and Comfort Systems reported revenues up 41.7%, topping estimates by 13%. Primoris traded down 8.3% following the results while Comfort Systems was up 6.5%.

There has been positive sentiment among investors in the construction and maintenance services segment, with share prices up 5.3% on average over the last month. Tutor Perini is up 9.2% during the same time and is heading into earnings with an average analyst price target of $91.50 (compared to the current share price of $86.61).

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