Sterling Infrastructure Q3 2023 EPS $1.26 Beats $1.25 Estimate, Sales $560.35M Miss $565.80M Estimate
Portfolio Pulse from vinayak@benzinga.com
Sterling Infrastructure's Q3 2023 earnings per share (EPS) of $1.26 beat the analyst consensus estimate of $1.25 by 0.8 percent, a 29.9 percent increase from the same period last year. However, the company's quarterly sales of $560.35 million missed the analyst consensus estimate of $565.80 million by 0.96 percent, a slight increase of 0.61 percent from the previous year.
November 06, 2023 | 10:40 pm
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Sterling Infrastructure's Q3 2023 earnings beat estimates but sales missed, which could have mixed effects on the stock.
Sterling Infrastructure's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss could offset this positive impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100