Sterling Infrastructure Inc reports results for the quarter ended in December - Earnings Summary

Sterling Infrastructure

27/02/2023 23:41

* Sterling Infrastructure Inc  STRL.OQ  reported quarterly
adjusted earnings of $1.03​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for earnings of 68 cents per share.
    * Revenue rose 11.8% to $448.61 million from a year ago;
analysts
expected $437.73 million. 
    * Sterling Infrastructure Inc's reported EPS for the quarter
was
$1.03​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Sterling Infrastructure Inc shares had risen by 16.0% this
quarter.
    * The company reported quarterly net income of $20.23
million.
    * Wall Street's median 12-month price target for Sterling
Infrastructure Inc is $37.50 
    * 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." 

This summary was machine generated from Refinitiv data February
27 at 11:41 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.68           1.03           Beat
 Sep. 30 2022      0.87           0.97           Beat
 Jun. 30 2022      0.72           0.86           Beat
 Mar. 31 2022      0.42           0.65           Beat