Preview: Sterling Infrastructure's Earnings
Portfolio Pulse from Benzinga Insights
Sterling Infrastructure (NASDAQ:STRL) is scheduled to release its quarterly earnings report on February 26, 2024, with analysts expecting an EPS of $1.00. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating estimates by $0.01 but resulting in a 15.91% share price drop the following day. Over the last year, STRL shares have increased by 122.35%, indicating a positive outlook among long-term shareholders.
February 23, 2024 | 5:01 pm
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Sterling Infrastructure is expected to report an EPS of $1.00 for the upcoming quarter. The company's stock has seen significant growth over the past year, with a 122.35% increase. Past earnings have shown a mix of outcomes, with the last quarter's beat followed by a significant price drop.
The expected EPS of $1.00 and the company's history of mixed earnings performance suggest a cautious outlook. The significant stock price increase over the past year indicates strong investor confidence, but the impact of the upcoming earnings report is uncertain, given the previous quarter's price drop despite an earnings beat.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100