Sterling Infrastructure (STRL) closed the most recent trading day at $351.39, moving -3.53% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.28%.
Prior to today's trading, shares of the civil construction company had gained 16% outpaced the Construction sector's gain of 6.96% and the S&P 500's gain of 0.6%.
The upcoming earnings release of Sterling Infrastructure will be of great interest to investors. It is anticipated that the company will report an EPS of $2.63, marking a 80.14% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $648.6 million, reflecting a 30.02% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.43 per share and revenue of $2.38 billion, which would represent changes of +70.98% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Sterling Infrastructure. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Sterling Infrastructure possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Sterling Infrastructure currently has a Forward P/E ratio of 30.48. This indicates a premium in contrast to its industry's Forward P/E of 25.1.
It's also important to note that STRL currently trades at a PEG ratio of 2.03. 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 had an average PEG ratio of 2.03 as trading concluded yesterday.
The Engineering - R and D Services industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 38, finds itself in the top 16% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sterling Infrastructure, Inc. (STRL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
