TPC Earnings Prediction
The chart below shows how TPC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TPC sees a -0.25% change in stock price 10 days leading up to the earnings, and a +11.07% change 10 days following the report. On the earnings day itself, the stock moves by -3.05%. This data can give you a slight idea of what to expect for the next quarter's release.
TPC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.08B
2.08%
-3.96%
Gross Margin
-2.39%
-149.79%
-123.03%
Operating Margin
-9.86%
735.59%
-374.65%
Net Margin
-8.27%
240.33%
-682.39%
EPS
-1.92
-170.42%
-9700.00%
No Data Available
TPC Earnings Analysis
Tutor Perini Corporation Corporation (TPC.N) Earnings Conference Call
Positive
Record Backlog Growth: Our backlog soared to $14 billion, up 35% compared to the prior quarter, setting a new record since the 2008 merger of Tutor Saliba and Perini, and substantially above our previous record of $11.6 billion.
Backlog Growth Drivers: The strong backlog growth was driven by the awards of several new projects during the quarter, namely the $1.66 billion City Center Guideway and Stations Project in Honolulu, the $1.1 billion Kensico-Eastview Connection Tunnel in New York for Frontier-Kemper, and a major health care campus project in California worth over $1 billion for Rudolph and Sletten.
New Project Win: Our new awards continue to be strong in the fourth quarter as we recently won and announced the $331 million Apra Harbor Waterfront Repairs project in Guam, which will be managed by our subsidiary, Black Construction.
Fourth Quarter Cash Flow Expectations: Year-to-date, through the end of the third quarter our operating cash flow was $174 million. We expect tremendous fourth quarter operating cash flow in the range of a minimum of $250 million up to $400 million, much higher than we were anticipating on our last call.
Operating Cash Flow Projection: As a result, our fully year 2024 operating cash flow is now expected to be $425 million to $575 million, with even the low end of this range far exceeding our prior annual operating cash flow record of $308 million set last year.
Negative
Quarterly Income Decline: Overall, the recent resolutions negatively impacted our third quarter income by approximately $152 million and EPS by $2.13.
Quarterly Net Loss Comparison: Net loss attributable to Tutor Perini for the third quarter of 2024 was $101 million or a loss of $1.92 per share compared to a net loss of $37 million or a loss of $0.71 per share in the third quarter of 2023.
Earnings Per Share Impact: Recent resolutions negatively impacted our third quarter EPS by $2.13, and our third quarter earnings were also negatively impacted by $0.23 due to elevated share-based compensation expense.
Construction Operations Loss: We reported a loss from construction operations of $107 million for the third quarter of 2024, compared to a loss of $13 million for the same quarter last year.
G&A Expense Increase: Corporate G&A expense was $33 million in the third quarter of 2024, compared to $21 million for the same quarter last year.
TPC FAQs
How does TPC typically perform around its earnings report dates?
Is Tutor Perini Corporation (TPC) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TPC Earning Call Sentiment
Tutor Perini Corporation (TPC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TPC.N
-4.87%Positive
The earnings call highlights strong backlog growth, significant new project awards, and a substantial reduction in debt, which are positive indicators. Despite a net loss in Q3, optimistic guidance for future earnings and planned debt prepayments are encouraging. The Q&A revealed improved contract terms and expected margin increases, further boosting sentiment. However, the reluctance to confirm Q4 profitability is a concern. With a market cap of $1.15 billion, the stock is likely to see a 'Positive' movement (2% to 8%) over the next two weeks, driven by strong backlog and strategic debt reduction.
