Analysts expect Tutor Perini to report Q3 2026 revenue of $1.62 billion and EPS of $1.34, with the current stock price of $79.82 trading significantly below the $116.25 average analyst price target.
Investors are primarily focused on the company's massive backlog, which reached a record $21.1 billion in the previous quarter, as they watch for the successful conversion of mega-projects into realized revenue.
Recent performance has been bolstered by strong public funding for large-scale infrastructure and improved cash flow used for aggressive debt reduction. Market participants are looking for continued margin expansion as the Civil and Building segments transition major projects into higher-margin construction phases.