Tutor Perini (NYSE:TPC) First Quarter 2023 Results
Key Financial Results
Revenue: US$776.3m (down 19% from 1Q 2022).
Net loss: US$49.2m (loss widened by 127% from 1Q 2022).
US$0.95 loss per share (further deteriorated from US$0.42 loss in 1Q 2022).
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 15%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Construction industry in the US.
The company's shares are up 12% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Tutor Perini's balance sheet health.
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