For its third fiscal quarter (ending September 30), Sterling Infrastructure Inc (NASDAQ: STRL) has reported a 25% increase in E.P.S. from $1.02 a year ago to $1.28 in the current quarter. Relative to the consensus estimate of $1.25, this was a premium of $0.04. For the latest four quarters through September 30, E.P.S. were $3.87 compared to $2.92 a year ago — an increase of 33%.
Recent Price Action
Sterling Infrastructure Inc (NASDAQ: STRL) stock declined by -1.9% on 11/6/23. The shares closed at $74.53. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
STRL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Sterling Infrastructure has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Sterling Infrastructure has a neutral Appreciation Score of 42 but a very high Power Rating of 100, resulting in the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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