Sterling Infrastructure Inc (NASDAQ: STRL) has reported earnings for its second fiscal quarter (ending June 30) of $1.68 versus $1.28 for the same period a year ago — an increase of 31%. This result exceeded the consensus estimate of $1.42 by $0.25. E.P.S. were $5.26 for the latest four quarters through June 30 versus $3.62 for the same period a year ago — an increase of 45%.
Recent Price Action
Sterling Infrastructure Inc (NASDAQ: STRL) stock closed at $102.56 on 8/5/24 after a decline of -2.2%. Moreover, trading volume in this decline was exceptionally high at 227% of normal. The stock has declined -11.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
STRL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Sterling Infrastructure has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Sterling Infrastructure has a slightly negative Appreciation Score of 34 but a very high Power Rating of 99, and the Positive Value Trend Rating results.
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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