Sterling Infrastructure Sees FY23 EPS $4-$4.20 Vs $3.52 Est.; Revenue $1.95B-$2.05B Vs $1.95B Est.
Portfolio Pulse from Happy Mohamed
Sterling Infrastructure has provided its full year 2023 guidance, expecting EPS of $4-$4.20, higher than the estimated $3.52. The company also anticipates revenue between $1.95 billion and $2.05 billion, which is in line with estimates.
August 07, 2023 | 8:14 pm
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POSITIVE IMPACT
Sterling Infrastructure's FY23 guidance exceeds EPS estimates and aligns with revenue estimates. This could potentially boost investor confidence.
Sterling Infrastructure's higher than expected EPS guidance for FY23 indicates potential profitability, which could attract investors and drive the stock price up. The revenue forecast is in line with estimates, suggesting stable growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100