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Sterling Infrastructure (STRL) Stock Sinks As Market Gains: Here's Why
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The latest trading session saw Sterling Infrastructure (STRL - Free Report) ending at $96.30, denoting a -0.27% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.87%. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq increased by 1.11%.
Shares of the civil construction company witnessed a loss of 13.81% over the previous month, trailing the performance of the Construction sector with its loss of 5.9% and the S&P 500's loss of 3.97%.
Market participants will be closely following the financial results of Sterling Infrastructure in its upcoming release. In that report, analysts expect Sterling Infrastructure to post earnings of $0.82 per share. This would mark year-over-year growth of 28.13%. In the meantime, our current consensus estimate forecasts the revenue to be $453.3 million, indicating a 12.32% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.98 per share and revenue of $2.2 billion, which would represent changes of +11.41% and +11.68%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sterling Infrastructure. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Sterling Infrastructure possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Sterling Infrastructure is presently being traded at a Forward P/E ratio of 19.39. This denotes no noticeable deviation relative to the industry's average Forward P/E of 19.39.
Investors should also note that STRL has a PEG ratio of 0.97 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Engineering - R and D Services industry was having an average PEG ratio of 1.36.
The Engineering - R and D Services industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Sterling Infrastructure (STRL) Stock Sinks As Market Gains: Here's Why
The latest trading session saw Sterling Infrastructure (STRL - Free Report) ending at $96.30, denoting a -0.27% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.87%. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq increased by 1.11%.
Shares of the civil construction company witnessed a loss of 13.81% over the previous month, trailing the performance of the Construction sector with its loss of 5.9% and the S&P 500's loss of 3.97%.
Market participants will be closely following the financial results of Sterling Infrastructure in its upcoming release. In that report, analysts expect Sterling Infrastructure to post earnings of $0.82 per share. This would mark year-over-year growth of 28.13%. In the meantime, our current consensus estimate forecasts the revenue to be $453.3 million, indicating a 12.32% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.98 per share and revenue of $2.2 billion, which would represent changes of +11.41% and +11.68%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sterling Infrastructure. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Sterling Infrastructure possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Sterling Infrastructure is presently being traded at a Forward P/E ratio of 19.39. This denotes no noticeable deviation relative to the industry's average Forward P/E of 19.39.
Investors should also note that STRL has a PEG ratio of 0.97 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Engineering - R and D Services industry was having an average PEG ratio of 1.36.
The Engineering - R and D Services industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.