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

Sterling Infrastructure

01/05/2023 23:05

* Sterling Infrastructure Inc  STRL.OQ  reported quarterly
adjusted earnings of 64 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 56 cents per share.
    * Revenue fell 1.6% to $403.58 million from a year ago;
analysts
expected $375.63 million. 
    * Sterling Infrastructure Inc's reported EPS for the quarter
was
64 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.7%
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 fallen by 2.5% this
quarter and gained 12.6% so far this year.
    * The company reported quarterly net income of $19.65
million.
    * Wall Street's median 12-month price target for Sterling
Infrastructure Inc is $45.00 
    * 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 May
1 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.56           0.64           Beat
 Dec. 31 2022      0.68           1.03           Beat
 Sep. 30 2022      0.87           0.97           Beat
 Jun. 30 2022      0.72           0.86           Beat