Sterling Infrastructure Inc expected to post earnings of $1.71 a share - Earnings Preview

Sterling Infrastructure

04/11/2024 23:01

* Sterling Infrastructure Inc  STRL.OQ   STRL.O  is expected
to show a rise in quarterly revenue when it reports  results on
November 6 for the period ending September 30 2024
    * The The Woodlands Texas-based  company is expected to
report a
9.5% increase in revenue to $613.633 million from $560.35
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sterling Infrastructure
Inc is
for earnings of $1.71 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sterling
Infrastructure Inc is 145.00​, below​ its last closing price
of $153.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.41        1.42       1.67      Beat    17.4
 Jan. 1 2024   0.79        0.77       1.00      Beat    29.9
 Sep. 30 2023  1.00        1.00       1.28      Beat    28.1​
 Jan. 1 0001   1.23        1.25       1.26      Beat    1.1
 ​​Jun.        0.92        0.56       1.27      Beat    37.1
 30 2023                                                
 Jan. 1 0001   0.56        0.56                         13.3​
 Jan. 1 0001   0.68        0.68                         52.4
 Jan. 1 0001   0.87        0.87       0.97      Beat    11.1
 This summary was machine generated November 4 at 23:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)