Sterling Infrastructure Inc (NASDAQ: STRL) has reported E.P.S. of $1.00 for its first fiscal quarter (ending March 31) versus $0.64 for the same period a year ago — an increase of 56%. Relative to the consensus estimate of $1.18, this was a shortfall of $-0.18. E.P.S. were $4.86 for the latest four quarters through March 31 versus $3.26 for the same period a year ago — an increase of 49%.
Recent Price Action
On 5/6/24, Sterling Infrastructure Inc (NASDAQ: STRL) stock enjoyed a large increase of 4.2%, closing at $105.37. Moreover, trading volume in this advance was unusually high at 164% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Sterling Infrastructure has a slightly negative Appreciation Score of 34 but a very high Power Rating of 95, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment