Sterling Infrastructure Inc (NASDAQ: STRL) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.30 versus $0.67 for the same period a year ago — an increase of 94%. This result exceeded the consensus estimate of $1.00 by $0.30. For the latest four quarters through December 31, E.P.S. were $4.51 versus $3.20 for the same period a year ago — an increase of 41%.
Recent Price Action
Sterling Infrastructure Inc (NASDAQ: STRL) stock closed at $89.95 on 2/26/24 after a large increase of 3.4%. Moreover, trading volume in this advance was unusually high at 164% of normal. The stock has risen 6.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
STRL is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 45 but a very high Power Rating of 96, leading to the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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