Abstract
Tutor Perini will report second-quarter 2026 results on August 05, 2026 Post Market; this preview consolidates consensus forecasts, last quarter’s performance, and institutional commentary to frame likely revenue, margins, and adjusted EPS outcomes alongside the main drivers and risks.
Market Forecast
Consensus for the current quarter points to revenue of 1.56 billion US dollars, EBIT near 82.85 million US dollars, and adjusted EPS around 1.25, with year-over-year growth implied at 23.59% for revenue, 53.58% for EBIT, and 270.54% for EPS. The company’s margin mix is expected to improve from the prior quarter’s base, with focus on execution in core infrastructure and building projects; YoY comparisons are likely aided by improved project closeouts and lower legacy headwinds.
Main-business momentum is anchored in revenue from reportable segments totaling 1.39 billion US dollars last quarter and demonstrating sequential resilience with improved gross profit conversion. The most promising area appears to be higher-margin infrastructure and select specialty contracting work, where backlogs and bid activity support mid- to high-teens revenue growth on a YoY basis if execution remains stable.
Last Quarter Review
In the previous quarter, Tutor Perini delivered revenue of 1.39 billion US dollars, a gross profit margin of 11.13%, GAAP net profit attributable to shareholders of 25.70 million US dollars, a net profit margin of 1.85%, and adjusted EPS of 1.03, with year-over-year adjusted EPS growth of 94.34%. A notable highlight was solid EBIT of 59.18 million US dollars despite revenue landing modestly below expectations, reflecting disciplined cost containment and improved project-level performance. Reportable segments contributed 1.39 billion US dollars of revenue, underscoring steadier throughput in the company’s core operational footprint.
Current Quarter Outlook
Core Operations and Margin Trajectory
Core operations are expected to carry forward the margin improvements observed recently, with EBIT projected to rise and adjusted EPS set to expand at a faster pace than revenue. The key driver is the ongoing normalization of select long-duration projects and the timing of closeouts that release contingencies and drive gross profit conversion. Management’s continued emphasis on disciplined bidding and change-order recovery can support sustained gross margin near or slightly above the prior quarter’s level, while mix and execution should influence the net profit margin outcome.
Most Promising Growth Vector
The most promising growth vector this quarter is infrastructure and specialty contracting, supported by a healthy bid pipeline and funding visibility in large civil and public works. These areas tend to carry structurally better contribution margins relative to certain building projects when executed effectively. With revenue projected to reach approximately 1.56 billion US dollars and YoY growth implied above 20%, incremental wins and progress milestones within these segments are positioned to contribute disproportionately to EBIT and EPS leverage.
Key Stock Price Swing Factors
The stock’s performance this quarter will be influenced by the degree to which reported margins translate from the project mix and any updates on backlog quality and timing. Positive surprises around change-order settlements and receivable collections could translate into higher free cash flow conversion, supporting sentiment. Conversely, any slippage in milestone recognition or cost variances on complex projects would pressure margins and investor confidence, making the cadence of project execution a critical watch item.
Analyst Opinions
Bullish views dominate the preview window, with a majority of recent commentary expecting continued YoY growth in revenue and margin progression as legacy drag eases and execution improves. Analysts point to the projected 23.59% revenue increase and sizable EPS expansion as evidence that operational normalization is underway, with improving closeout economics and a robust bid environment undergirding the thesis. Supportive voices emphasize that if the company meets or surpasses the 82.85 million US dollars EBIT and approximately 1.25 adjusted EPS markers, the stock could see positive estimate revisions; they also highlight potential upside from disciplined bidding and favorable mix in infrastructure and specialty contracting work.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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