Sterling Infrastructure Stock Soared on Tuesday - Here's What Transpired The Move
Portfolio Pulse from Ryan Gustafson
Sterling Infrastructure, Inc. (NASDAQ:STRL) shares surged after the company reported its Q2 financial results. The company reported quarterly earnings of $1.27 per share, beating the analyst consensus estimate of 93 cents. It also reported quarterly sales of $522.33 million, beating the analyst consensus estimate of $491.50 million. Sterling estimates FY23 earnings per share to be between $4.00 and $4.20, and revenue to be between $1.95 billion and $2.05 billion.
August 08, 2023 | 8:21 pm
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Sterling Infrastructure's Q2 earnings and sales beat estimates, leading to a surge in its share price. The company's FY23 earnings per share and revenue estimates also exceed current expectations.
Sterling Infrastructure's Q2 earnings and sales exceeded analyst estimates, which is a positive signal for investors and can lead to an increase in the stock price. The company's FY23 earnings per share and revenue estimates also exceed current expectations, which could further boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100