Sterling Infrastructure Inc reports results for the quarter ended in September 30 - Earnings Summary

Sterling Infrastructure

07/11/2024 05:00

* Sterling Infrastructure Inc  STRL.OQ  reported quarterly
adjusted earnings of $1.97​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $1.26.  The mean expectation of
three analysts for the quarter was for earnings of $1.71 per
share. Wall Street expected results to range from $1.60 
to $1.79 per share.
    * Revenue rose 6% to $593.74 million from a year ago;
analysts
expected $613.63 million. 
    * Sterling Infrastructure Inc's reported EPS for the quarter
was
$1.97​.
    * The company reported quarterly net income of $61.32
million.
    * Sterling Infrastructure Inc shares had risen by 8.4% this
quarter and gained 78.8% so far this year.

FORECAST CHANGES
    * 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.

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." 
    * 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 145.00 
This summary was machine generated from LSEG data November 7 at
05:00 a.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
 Sep. 30 2024      1.71           1.97           Beat
 Jun. 30 2024      1.42           1.67           Beat
 Mar. 31 2024      0.77           1.00           Beat
 Dec. 31 2023      1.00           1.28           Beat