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Sterling Infrastructure (STRL) Declines More Than Market: Some Information for Investors
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In the latest close session, Sterling Infrastructure (STRL - Free Report) was down 1.03% at $857.76. This change lagged the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 1.15%.
Heading into today, shares of the civil construction company had gained 12.44% over the past month, outpacing the Construction sector's gain of 4.86% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Sterling Infrastructure in its forthcoming earnings report. On that day, Sterling Infrastructure is projected to report earnings of $5.39 per share, which would represent year-over-year growth of 100.37%. Meanwhile, our latest consensus estimate is calling for revenue of $1.07 billion, up 74.03% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $19.31 per share and revenue of $3.96 billion, indicating changes of +77.48% and +59.15%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Sterling Infrastructure. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.89% increase. As of now, Sterling Infrastructure holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Sterling Infrastructure is currently being traded at a Forward P/E ratio of 44.88. This represents a premium compared to its industry average Forward P/E of 38.19.
It's also important to note that STRL currently trades at a PEG ratio of 2.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. STRL's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 35% echelons of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Sterling Infrastructure (STRL) Declines More Than Market: Some Information for Investors
In the latest close session, Sterling Infrastructure (STRL - Free Report) was down 1.03% at $857.76. This change lagged the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 1.15%.
Heading into today, shares of the civil construction company had gained 12.44% over the past month, outpacing the Construction sector's gain of 4.86% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Sterling Infrastructure in its forthcoming earnings report. On that day, Sterling Infrastructure is projected to report earnings of $5.39 per share, which would represent year-over-year growth of 100.37%. Meanwhile, our latest consensus estimate is calling for revenue of $1.07 billion, up 74.03% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $19.31 per share and revenue of $3.96 billion, indicating changes of +77.48% and +59.15%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Sterling Infrastructure. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.89% increase. As of now, Sterling Infrastructure holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Sterling Infrastructure is currently being traded at a Forward P/E ratio of 44.88. This represents a premium compared to its industry average Forward P/E of 38.19.
It's also important to note that STRL currently trades at a PEG ratio of 2.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. STRL's industry had an average PEG ratio of 2.08 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 35% echelons of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.