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

Sterling Infrastructure

07/08/2023 23:05

* Sterling Infrastructure Inc  STRL.OQ  reported quarterly
adjusted earnings of $1.27​​ per share for the quarter ended in
June. The mean expectation of three analysts for the quarter was
for earnings of 93 cents per share.
    * Revenue rose 2.3% to $522.33 million from a year ago;
analysts
expected $494.93 million. 
    * Sterling Infrastructure Inc's reported EPS for the quarter
was
$1.27​.
    * The mean earnings estimate of analysts was unchanged 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 9.3% this
quarter and gained 86.0% so far this year.
    * The company reported quarterly net income of $39.48
million.
    * Wall Street's median 12-month price target for Sterling
Infrastructure Inc is $64.00 
    * 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 LSEG Refinitiv data
August 7 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.93           1.27           Beat
 Mar. 31 2023      0.56           0.64           Beat
 Dec. 31 2022      0.68           1.03           Beat
 Sep. 30 2022      0.87           0.97           Beat