Sterling Infrastructure Inc expected to post earnings of 77 cents a share - Earnings Preview

Sterling Infrastructure

26/04/2024 12:27

* Sterling Infrastructure Inc  STRL.OQ   STRL.O  is expected
to show a rise in quarterly revenue when it reports  results on
May 6 for the period ending March 31 2024
    * The The Woodlands Texas-based  company is expected to
report a
2.3% increase in revenue to $412.833 million from $403.58
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 77 cents 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 $115.00​, above​ its last closing price
of $102.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.00        1.00       1.28      Beat    28.1
 Sep. 30 2023  1.23        1.25       1.26      Beat    1.1
 Jun. 30 2023  0.92        0.93       1.27      Beat    37.1​
 Mar. 31 2023  0.56        0.56       0.64      Beat    13.3
 ​​Dec.        0.68        0.68       1.03      Beat    52.4
 31 2022                                                
 Sep. 30 2022  0.87        0.87       0.97      Beat    11.1​
 Jun. 30 2022  0.73        0.72       0.86      Beat    18.8
 Mar. 31 2022  0.42        0.42       0.65      Beat    55.9
 This summary was machine generated April 26 at 11:27 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)