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Sterling Infrastructure (STRL) Stock Sinks As Market Gains: What You Should Know
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Sterling Infrastructure (STRL - Free Report) ended the recent trading session at $198.37, demonstrating a -2.24% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.55%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 0.63%.
Coming into today, shares of the civil construction company had gained 10.72% in the past month. In that same time, the Construction sector gained 3.31%, while the S&P 500 gained 6.29%.
Investors will be eagerly watching for the performance of Sterling Infrastructure in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.22, signifying a 32.93% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $555.13 million, indicating a 4.75% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.45 per share and a revenue of $2.08 billion, signifying shifts of +38.52% and -1.83%, respectively, from the last year.
Investors should also take note of any recent adjustments to 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Sterling Infrastructure is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, Sterling Infrastructure is currently being traded at a Forward P/E ratio of 24.03. Its industry sports an average Forward P/E of 19.82, so one might conclude that Sterling Infrastructure is trading at a premium comparatively.
Meanwhile, STRL's PEG ratio is currently 1.6. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Engineering - R and D Services was holding an average PEG ratio of 1.8 at yesterday's closing price.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 76, this industry ranks in the top 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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: What You Should Know
Sterling Infrastructure (STRL - Free Report) ended the recent trading session at $198.37, demonstrating a -2.24% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.55%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 0.63%.
Coming into today, shares of the civil construction company had gained 10.72% in the past month. In that same time, the Construction sector gained 3.31%, while the S&P 500 gained 6.29%.
Investors will be eagerly watching for the performance of Sterling Infrastructure in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.22, signifying a 32.93% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $555.13 million, indicating a 4.75% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.45 per share and a revenue of $2.08 billion, signifying shifts of +38.52% and -1.83%, respectively, from the last year.
Investors should also take note of any recent adjustments to 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Sterling Infrastructure is carrying a Zacks Rank of #2 (Buy).
With respect to valuation, Sterling Infrastructure is currently being traded at a Forward P/E ratio of 24.03. Its industry sports an average Forward P/E of 19.82, so one might conclude that Sterling Infrastructure is trading at a premium comparatively.
Meanwhile, STRL's PEG ratio is currently 1.6. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Engineering - R and D Services was holding an average PEG ratio of 1.8 at yesterday's closing price.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 76, this industry ranks in the top 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.