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Why the Market Dipped But Sterling Infrastructure (STRL) Gained Today
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The most recent trading session ended with Sterling Infrastructure (STRL - Free Report) standing at $71.07, reflecting a +1.49% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq gained 0.27%.
Shares of the civil construction company witnessed a loss of 2.27% over the previous month, beating the performance of the Construction sector with its loss of 7.93% and the S&P 500's loss of 3.95%.
Investors will be eagerly watching for the performance of Sterling Infrastructure in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 28.87% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $561.6 million, up 0.84% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.09 per share and a revenue of $2 billion, signifying shifts of +29.43% and +3.87%, respectively, from the 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.08% decrease. Sterling Infrastructure is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Sterling Infrastructure is at present trading with a Forward P/E ratio of 17.12. This indicates a discount in contrast to its industry's Forward P/E of 18.14.
Also, we should mention that STRL has a PEG ratio of 0.86. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Engineering - R and D Services stocks are, on average, holding a PEG ratio of 1.16 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 87, placing it within the top 35% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why the Market Dipped But Sterling Infrastructure (STRL) Gained Today
The most recent trading session ended with Sterling Infrastructure (STRL - Free Report) standing at $71.07, reflecting a +1.49% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq gained 0.27%.
Shares of the civil construction company witnessed a loss of 2.27% over the previous month, beating the performance of the Construction sector with its loss of 7.93% and the S&P 500's loss of 3.95%.
Investors will be eagerly watching for the performance of Sterling Infrastructure in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 28.87% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $561.6 million, up 0.84% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.09 per share and a revenue of $2 billion, signifying shifts of +29.43% and +3.87%, respectively, from the 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.08% decrease. Sterling Infrastructure is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Sterling Infrastructure is at present trading with a Forward P/E ratio of 17.12. This indicates a discount in contrast to its industry's Forward P/E of 18.14.
Also, we should mention that STRL has a PEG ratio of 0.86. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Engineering - R and D Services stocks are, on average, holding a PEG ratio of 1.16 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 87, placing it within the top 35% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.