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

Sterling Infrastructure

06/05/2024 22:02

* Sterling Infrastructure Inc  STRL.OQ  reported quarterly
adjusted earnings of $1.00​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of 64 cents.  The mean expectation of
three analysts for the quarter was for earnings of 77 cents per
share. Wall Street expected results to range from 65 cents to 99
cents per share.
    * Revenue rose 9.1% to $440.36 million from a year ago;
analysts
expected $412.83 million. 
    * Sterling Infrastructure Inc's reported EPS for the quarter
was
$1.00​.
    * The company reported quarterly net income of $31.05
million.
    * Sterling Infrastructure Inc shares had fallen by 8.3% this
quarter and gained 15.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.4%
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," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Sterling
Infrastructure Inc is $115.00 

This summary was machine generated from LSEG data May 6 at 09:02
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
 Mar. 31 2024      0.77           1.00           Beat
 Dec. 31 2023      1.00           1.28           Beat
 Sep. 30 2023      1.25           1.26           Beat
 Jun. 30 2023      0.93           1.27           Beat