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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 1.4% at $495.15. This move lagged the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 0.64%.
The civil construction company's shares have seen a decrease of 5.74% over the last month, surpassing the Construction sector's loss of 8.18% and falling behind the S&P 500's loss of 0.97%.
The investment community will be paying close attention to the earnings performance of Sterling Infrastructure in its upcoming release. The company is expected to report EPS of $6.08, up 74.71% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.15 billion, indicating a 67.05% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.06 per share and revenue of $4.11 billion. These totals would mark changes of +84.38% and +65.22%, respectively, from last 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.17% higher. Sterling Infrastructure currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Sterling Infrastructure is presently being traded at a Forward P/E ratio of 25.04. This signifies a premium in comparison to the average Forward P/E of 24.45 for its industry.
It is also worth noting that STRL currently has a PEG ratio of 1.67. 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. By the end of yesterday's trading, the Engineering - R and D Services industry had an average PEG ratio of 1.57.
The Engineering - R and D Services industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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 1.4% at $495.15. This move lagged the S&P 500's daily loss of 0.48%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 0.64%.
The civil construction company's shares have seen a decrease of 5.74% over the last month, surpassing the Construction sector's loss of 8.18% and falling behind the S&P 500's loss of 0.97%.
The investment community will be paying close attention to the earnings performance of Sterling Infrastructure in its upcoming release. The company is expected to report EPS of $6.08, up 74.71% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $1.15 billion, indicating a 67.05% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.06 per share and revenue of $4.11 billion. These totals would mark changes of +84.38% and +65.22%, respectively, from last 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.17% higher. Sterling Infrastructure currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Sterling Infrastructure is presently being traded at a Forward P/E ratio of 25.04. This signifies a premium in comparison to the average Forward P/E of 24.45 for its industry.
It is also worth noting that STRL currently has a PEG ratio of 1.67. 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. By the end of yesterday's trading, the Engineering - R and D Services industry had an average PEG ratio of 1.57.
The Engineering - R and D Services industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.