Tutor Perini reports after the market closes on Wednesday 4 November. The analysts' average estimate for quarterly EPS is $1.34. The report will test whether revenue growth continues to decelerate.
Source: reported quarterly EPS and aggregated third-party estimates. Historical surprises are context, not a forecast.
View chart data
| Period | Reported EPS | Analysts' estimate |
|---|---|---|
| Sep '25 | $1.15 | $0.89 |
| Dec '25 | $0.54 | $0.92 |
| Mar '26 | $1.03 | $0.96 |
| Jun '26 | $1.74 | $1.26 |
What analysts expect from Tutor Perini
The analysts' average estimate for quarterly EPS is $1.34, in a range from $1.31 to $1.37. The average revenue estimate for the quarter is $1.6 billion. For the full year, the analysts' average EPS estimate is $5.38, which would be up 256.0% on last year, based on 4 analysts. That estimate has risen 5.4% over the past 90 days. Of the analysts' recommendations, 4 are positive and none are neutral or negative.
Earnings surprise model
Our model estimates EPS could land 9.1% above the analysts' average estimate. The estimated chance of an EPS beat is 62.5%, based on the last 4 quarters. The model shrinks the median recent surprise toward zero and uses a neutral prior for beat frequency; this small sample is a reference estimate, not company guidance.
Tutor Perini's record against estimates
Tutor Perini reported EPS above the analysts' average estimate in 3 of the last 4 quarters. Last quarter, EPS of $1.74 compared with an estimate of $1.26, above it by 37.6%.
Profit is outgrowing sales
Revenue over the twelve months to Q2 2026 was $5.9 billion, up 24.7% on the year before. That growth rate was down 1.0 percentage points on the rate a quarter earlier. The trailing operating margin was 4.5%, up 5.6 percentage points from a year earlier, while the trailing gross margin was 11.5% and the trailing net margin was 2.1%. Net income over the twelve months was $123.9 million, up 78.9% on the year before.
Operating cash flow over the twelve months was $796.9 million, up 25.0% on the year before. Capital spending was $175.6 million, or 3.0% of revenue. Free cash flow, operating cash flow less capital spending, was $621.3 million, up 10.1% on the year before. The free-cash-flow margin was 10.4%, down 1.4 percentage points from a year earlier. The average diluted share count rose 2.2% over the year.
Against its own history, today's free-cash-flow margin of 10.4% is higher than 88% of past quarterly readings, which have ranged from −4.0% to 15.5%. Today's operating margin of 4.5% is higher than 82% of past readings (−8.2% to 5.3%). Today's twelve-month revenue growth rate of 24.7% is higher than 93% of past readings (−22.8% to 28.1%).
Questions this report will answer
The report will answer whether the slowdown in revenue growth continues, whether results land above or below the analysts' expectations, and whether margins hold at the trailing levels described above.
The value hinges on margins more than growth
In our model, growth 5 percentage points lower would lower the value by 23.4%, and growth 5 percentage points higher would raise it by 29.9%. A free-cash-flow margin 1 percentage point lower would lower it by 8.8%.
