We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sterling Infrastructure (STRL) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
In the latest close session, Sterling Infrastructure (STRL - Free Report) was up +1.8% at $882.88. The stock outperformed the S&P 500, which registered a daily loss of 0.01%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
The civil construction company's shares have seen an increase of 10.88% over the last month, surpassing the Construction sector's gain of 8.59% and the S&P 500's loss of 1.4%.
The upcoming earnings release of Sterling Infrastructure will be of great interest to investors. The company's earnings per share (EPS) are projected to be $4.78, reflecting a 77.7% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.07 billion, reflecting a 74.03% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $17.44 per share and a revenue of $3.96 billion, demonstrating changes of +60.29% and +59.15%, respectively, from the preceding year.
Any recent changes to analyst estimates for Sterling Infrastructure should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.89% higher. Sterling Infrastructure currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Sterling Infrastructure is presently trading at a Forward P/E ratio of 49.72. This denotes a premium relative to the industry average Forward P/E of 37.5.
We can additionally observe that STRL currently boasts a PEG ratio of 3.31. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Engineering - R and D Services industry currently had an average PEG ratio of 1.97 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Sterling Infrastructure (STRL) Ascends While Market Falls: Some Facts to Note
In the latest close session, Sterling Infrastructure (STRL - Free Report) was up +1.8% at $882.88. The stock outperformed the S&P 500, which registered a daily loss of 0.01%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
The civil construction company's shares have seen an increase of 10.88% over the last month, surpassing the Construction sector's gain of 8.59% and the S&P 500's loss of 1.4%.
The upcoming earnings release of Sterling Infrastructure will be of great interest to investors. The company's earnings per share (EPS) are projected to be $4.78, reflecting a 77.7% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.07 billion, reflecting a 74.03% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $17.44 per share and a revenue of $3.96 billion, demonstrating changes of +60.29% and +59.15%, respectively, from the preceding year.
Any recent changes to analyst estimates for Sterling Infrastructure should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.89% higher. Sterling Infrastructure currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Sterling Infrastructure is presently trading at a Forward P/E ratio of 49.72. This denotes a premium relative to the industry average Forward P/E of 37.5.
We can additionally observe that STRL currently boasts a PEG ratio of 3.31. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Engineering - R and D Services industry currently had an average PEG ratio of 1.97 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.