Equity Profile

TPC

Tutor Perini Corporation

IndustrialsConstruction & Engineering$3.9B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Tutor Perini Corporation (TPC) is a leading construction and engineering firm that operates in various sectors including infrastructure, commercial, and residential projects. As a player in the industrials sector, TPC is influenced by trends in infrastructure spending and economic growth, making its performance relevant to investors interested in the construction industry.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key measure of profitability and will indicate how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for understanding the company's ability to expand its business and capture market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TPC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+125.63%

Avg Stock Reaction

+0.93%

Last Quarter Recap

In Q1-2026, Tutor Perini reported an EPS of $1.03, surpassing estimates by 7.29%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for TPC are mixed, with investors looking for signs of continued profitability and growth in the upcoming earnings report. The lack of analyst estimates adds to the uncertainty surrounding the stock.

Bull Case

If TPC can demonstrate strong revenue growth and maintain or improve its EPS, it could signal robust demand for its services and lead to a positive market reaction.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining project backlog, it could raise concerns about its future profitability and lead to a negative response from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current project backlog and how does it compare to previous quarters?

A strong backlog is essential for future revenue and will indicate the company's growth prospects.

What are the expectations for EPS and revenue growth in the upcoming quarters?

Clear guidance on future earnings will help investors gauge the company's trajectory and market confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating TPC's ability to secure new contracts, especially given the recent infrastructure spending trends that could benefit the company significantly.

Supporting Evidence

The options market is pricing a 28.54% move, indicating expectations of volatility that may not align with the company's actual performance.

Historically, TPC has shown a tendency to outperform expectations, with a 57% EPS beat rate over the last eight quarters.

Key Risk

If the project backlog shows significant growth, it could challenge the current cautious sentiment and lead to a reevaluation of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to maintain profitability and secure new contracts, which are critical for its growth.

Bull Confirmed If

Demonstrating an EPS of $1.10 or higher with a project backlog increase of at least 10% would confirm the bull case.

Bear Confirmed If

An EPS below $0.90 combined with a declining project backlog would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±28.54%

Historical Avg

±3.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±28.5% while TPC has averaged ±3.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

64.0%

Calls (17K)P/C Ratio: 0.41Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If TPC beats expectations and raises guidance, history suggests the stock could rise by around 0.95% on the following trading day, confirming positive market sentiment.

In-Line / Cautious

If the results are in line with expectations but management expresses caution, the stock may see a muted reaction, reflecting uncertainty.

Miss

If TPC misses expectations, history suggests a potential decline of around 3.04%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on the project backlog and new contract wins.
2Any guidance on EPS and revenue growth for the next quarter.
3Insights into cost management and operational efficiency.
4Comments on market conditions and demand for construction services.
5Details on any significant projects or partnerships in the pipeline.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key measure of profitability and will indicate how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is crucial for understanding the company's ability to expand its business and capture market share.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TPC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+125.63%

Avg Stock Reaction

+0.93%

Last Quarter Recap

In Q1-2026, Tutor Perini reported an EPS of $1.03, surpassing estimates by 7.29%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If TPC can demonstrate strong revenue growth and maintain or improve its EPS, it could signal robust demand for its services and lead to a positive market reaction.

Bear Case

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current project backlog and how does it compare to previous quarters?

A strong backlog is essential for future revenue and will indicate the company's growth prospects.

What are the expectations for EPS and revenue growth in the upcoming quarters?

Clear guidance on future earnings will help investors gauge the company's trajectory and market confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating TPC's ability to secure new contracts, especially given the recent infrastructure spending trends that could benefit the company significantly.

Supporting Evidence

The options market is pricing a 28.54% move, indicating expectations of volatility that may not align with the company's actual performance.

Historically, TPC has shown a tendency to outperform expectations, with a 57% EPS beat rate over the last eight quarters.

Key Risk

If the project backlog shows significant growth, it could challenge the current cautious sentiment and lead to a reevaluation of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to maintain profitability and secure new contracts, which are critical for its growth.

Bull Confirmed If

Demonstrating an EPS of $1.10 or higher with a project backlog increase of at least 10% would confirm the bull case.

Bear Confirmed If

An EPS below $0.90 combined with a declining project backlog would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±28.54%

Historical Avg

±3.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±28.5% while TPC has averaged ±3.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

64.0%

Calls (17K)P/C Ratio: 0.41Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If TPC beats expectations and raises guidance, history suggests the stock could rise by around 0.95% on the following trading day, confirming positive market sentiment.

In-Line / Cautious

If the results are in line with expectations but management expresses caution, the stock may see a muted reaction, reflecting uncertainty.

Miss

If TPC misses expectations, history suggests a potential decline of around 3.04%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on the project backlog and new contract wins.
2Any guidance on EPS and revenue growth for the next quarter.
3Insights into cost management and operational efficiency.
4Comments on market conditions and demand for construction services.
5Details on any significant projects or partnerships in the pipeline.