Why Tutor Perini (TPC) Stock Is Up Today

StockStory
03-01
Why Tutor Perini (TPC) Stock Is Up Today

What Happened?

Shares of general contracting company Tutor Perini (NYSE:TPC) jumped 31.2% in the afternoon session after the company reported impressive fourth-quarter results and provided optimistic full-year EPS guidance, which blew past analysts' expectations. On the other hand, its revenue and EPS missed expectations, as the quarter was impacted by ongoing legacy dispute resolutions, which weighed on profitability​. Looking ahead, the company expects double-digit revenue growth in 2025 and strong profitability in 2026 and 2027, backed by a record backlog of $18.7 billion. Overall, this quarter was decent.

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What The Market Is Telling Us

Tutor Perini’s shares are extremely volatile and have had 30 moves greater than 5% over the last year. But moves this big are rare even for Tutor Perini and indicate this news significantly impacted the market’s perception of the business.

Tutor Perini is up 19.4% since the beginning of the year, but at $28.85 per share, it is still trading 13.2% below its 52-week high of $33.24 from November 2024. Investors who bought $1,000 worth of Tutor Perini’s shares 5 years ago would now be looking at an investment worth $1,990.

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