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

Sterling Infrastructure

26/02/2024 22:02

* Sterling Infrastructure Inc  STRL.OQ  reported quarterly
adjusted earnings of $1.28​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $1.03.  The mean expectation of
two analysts for the quarter was for earnings of $1.00 per
share. Wall Street expected results to range from 99 cents
to $1.01 per share.
    * Revenue rose 8.3% to $485.98 million from a year ago;
analysts
expected $522.45 million. 
    * Sterling Infrastructure Inc's reported EPS for the quarter
was
$1.28​.
    * The company reported quarterly net income of $40.17
million.
    * Sterling Infrastructure Inc shares had fallen by 1.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Sterling
Infrastructure Inc is $86.50 
This summary was machine generated from LSEG data February 26 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.00           1.28           Beat
 Sep. 30 2023      1.25           1.26           Beat
 Mar. 31 2023      0.93           1.27           Beat
 Mar. 31 2023      0.56           0.64           Beat