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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 $416.34, demonstrating a -1.17% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.11%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.18%.
Shares of the civil construction company have appreciated by 0.25% over the course of the past month, outperforming the Construction sector's loss of 9.15%, and the S&P 500's loss of 4.28%.
The investment community will be paying close attention to the earnings performance of Sterling Infrastructure in its upcoming release. The company is forecasted to report an EPS of $2.32, showcasing a 42.33% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $610.01 million, up 41.55% from the prior-year quarter.
STRL's full-year Zacks Consensus Estimates are calling for earnings of $13.69 per share and revenue of $3.1 billion. These results would represent year-over-year changes of +25.83% and +24.58%, respectively.
Investors might also notice recent changes to analyst estimates for Sterling Infrastructure. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Sterling Infrastructure holds a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Sterling Infrastructure has a Forward P/E ratio of 30.77 right now. This denotes a premium relative to the industry average Forward P/E of 25.02.
Also, we should mention that STRL has a PEG ratio of 2.05. 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. Engineering - R and D Services stocks are, on average, holding a PEG ratio of 1.76 based on yesterday's closing prices.
The Engineering - R and D Services industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Stock Sinks As Market Gains: What You Should Know
Sterling Infrastructure (STRL - Free Report) ended the recent trading session at $416.34, demonstrating a -1.17% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.11%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.18%.
Shares of the civil construction company have appreciated by 0.25% over the course of the past month, outperforming the Construction sector's loss of 9.15%, and the S&P 500's loss of 4.28%.
The investment community will be paying close attention to the earnings performance of Sterling Infrastructure in its upcoming release. The company is forecasted to report an EPS of $2.32, showcasing a 42.33% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $610.01 million, up 41.55% from the prior-year quarter.
STRL's full-year Zacks Consensus Estimates are calling for earnings of $13.69 per share and revenue of $3.1 billion. These results would represent year-over-year changes of +25.83% and +24.58%, respectively.
Investors might also notice recent changes to analyst estimates for Sterling Infrastructure. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Sterling Infrastructure holds a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Sterling Infrastructure has a Forward P/E ratio of 30.77 right now. This denotes a premium relative to the industry average Forward P/E of 25.02.
Also, we should mention that STRL has a PEG ratio of 2.05. 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. Engineering - R and D Services stocks are, on average, holding a PEG ratio of 1.76 based on yesterday's closing prices.
The Engineering - R and D Services industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 88, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.