Tutor Perini (NYSE: TPC) reported Q2 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.42 billion.

Outlook and Guidance

Based on the current backlog and market outlook, the Company is affirming its guidance for 2017, with revenue expected to be in excess of $5.5 billion and diluted earnings per share (EPS) expected in the range of $2.10 to $2.40. As previously noted in our earnings releases for the fourth quarter and full year 2016, and for the first quarter of 2017, we anticipate that our 2017 earnings will be weighted towards the second half of the year, consistent with the cyclicality of the Company’s business.

GUIDANCE:

Tutor Perini sees FY2017 EPS of $2.10-$2.40, versus the consensus of $2.29. Tutor Perini sees FY2017 revenue of $5.5 billion, versus the consensus of $5.46 billion.

For earnings history and earnings-related data on Tutor Perini (TPC) click here.