TPC Similar Chart Price Prediction
The price of TPC is predicted to go up 5.83%, based on the high correlation periods with BCO. The similarity of these two price pattern on the periods is 93.29%.
TPC
BCO
Up: 5.83%Similarity: 93.29%
TPC Revenue Forecast
TPC EPS Forecast
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TPC Analyst's Forecast
Alex Rygiel
B. Riley Securities
Strong Buy
2024-11-07
Price Target
$38 → $40
Upside
+20.34%
Reports Q3 revenue $1.1B, consensus $1.17B. Ronald Tutor, Chairman and Chief Executive Officer, commented, "We have tremendous momentum with several large new project wins in the third quarter that resulted in a new record backlog of $14 billion. This backlog provides us a solid foundation upon which we expect to build a profitable, multi-year revenue stream, with the potential for significant continued growth over the next few months as we look to finalize the contract for the multi-billion-dollar Manhattan Jail, as we announced this morning, and pursue other large projects. We are pleased to put many of our largest disputes behind us, and expect to return to profitability in 2025, with even stronger earnings anticipated in 2026 and beyond, as various newer projects progress to advanced design and enter the construction phase."
