Tutor Perini stock adds a Houston data center project

Published on 10/08/2026 at 02:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tutor Perini stock was last at USD 85.91 on October 7, 2026, while a Houston contract expanded its project backlog. Q2 adjusted EPS reached USD 1.74 versus USD 1.26 consensus.

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Tutor Perini stock was last at USD 85.91 on the NYSE on October 7, 2026 at 3:59 p.m. ET, down USD 3.15 or 3.54 percent from the previous close of USD 89.06. The company had announced a USD 24 million Houston data center contract on October 6, adding a fresh project to its Specialty Contractors pipeline.

Houston contract enters backlog

According to Morningstar on October 6, 2026, Tutor Perini subsidiary Fisk Electric secured the electrical services contract for a confidential Houston data center customer. The work covers modular containment systems, liquid-cooled components and related electrical infrastructure.

Construction is scheduled to begin in the fourth quarter of 2026, with substantial completion targeted for the first quarter of 2027, and the contract value will enter Tutor Perini's third-quarter 2026 backlog, Morningstar reported.

Q2 earnings set a higher bar

Tutor Perini's second-quarter 2026 revenue reached USD 1.64 billion, up 19.2 percent from the same quarter a year earlier, while adjusted EPS came in at USD 1.74 versus a USD 1.26 consensus estimate, according to The Globe and Mail in its August 5, 2026 results report. The revenue beat was 4.4 percent, while adjusted EPS exceeded the estimate by 37.6 percent.

The quarter also showed a mixed operating picture. The operating margin rose to 7.2 percent from 5.6 percent a year earlier, but backlog stood at USD 19.86 billion, down 5.9 percent year over year, making execution and project selection central to the next earnings update.

Consensus target stays above the quote

As of October 7, 2026, Investing.com listed a Strong Buy consensus from four analysts, with an average 12-month price target of USD 116.25, a high of USD 125.00 and a low of USD 105.00. The average target stood 35.32 percent above the USD 85.91 price.

That valuation gap gives the upcoming results a clear numerical test. Tutor Perini is scheduled to report its next earnings on November 11, 2026, according to Investing.com.

Tutor Perini stock remains below its yearly high

Tutor Perini stock was last at USD 85.91 on October 7, 2026, with a 52-week range of USD 57.90 to USD 102.30 and market capitalization of USD 4.5 billion. The quote therefore stood 16.03 percent below its 52-week high, while the October 7 session volume was 556,156 shares.