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Sterling Infrastructure (STRL) Increases Despite Market Slip: Here's What You Need to Know
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Sterling Infrastructure (STRL - Free Report) ended the recent trading session at $241.76, demonstrating a +2.31% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.22%.
Shares of the civil construction company have appreciated by 15.65% over the course of the past month, outperforming the Construction sector's gain of 5.56%, and the S&P 500's gain of 4.07%.
The investment community will be closely monitoring the performance of Sterling Infrastructure in its forthcoming earnings report. In that report, analysts expect Sterling Infrastructure to post earnings of $2.26 per share. This would mark year-over-year growth of 35.33%. In the meantime, our current consensus estimate forecasts the revenue to be $555.13 million, indicating a 4.75% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.61 per share and a revenue of $2.09 billion, demonstrating changes of +41.15% and -1.22%, respectively, from the preceding year.
Any recent changes to analyst estimates for Sterling Infrastructure should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 moved 0.54% higher. Sterling Infrastructure is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Sterling Infrastructure's current valuation metrics, including its Forward P/E ratio of 27.46. For comparison, its industry has an average Forward P/E of 20.1, which means Sterling Infrastructure is trading at a premium to the group.
It's also important to note that STRL currently trades at a PEG ratio of 1.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. STRL's industry had an average PEG ratio of 1.83 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 189, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Sterling Infrastructure (STRL) Increases Despite Market Slip: Here's What You Need to Know
Sterling Infrastructure (STRL - Free Report) ended the recent trading session at $241.76, demonstrating a +2.31% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.22%.
Shares of the civil construction company have appreciated by 15.65% over the course of the past month, outperforming the Construction sector's gain of 5.56%, and the S&P 500's gain of 4.07%.
The investment community will be closely monitoring the performance of Sterling Infrastructure in its forthcoming earnings report. In that report, analysts expect Sterling Infrastructure to post earnings of $2.26 per share. This would mark year-over-year growth of 35.33%. In the meantime, our current consensus estimate forecasts the revenue to be $555.13 million, indicating a 4.75% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.61 per share and a revenue of $2.09 billion, demonstrating changes of +41.15% and -1.22%, respectively, from the preceding year.
Any recent changes to analyst estimates for Sterling Infrastructure should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 moved 0.54% higher. Sterling Infrastructure is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Sterling Infrastructure's current valuation metrics, including its Forward P/E ratio of 27.46. For comparison, its industry has an average Forward P/E of 20.1, which means Sterling Infrastructure is trading at a premium to the group.
It's also important to note that STRL currently trades at a PEG ratio of 1.83. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. STRL's industry had an average PEG ratio of 1.83 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 189, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.