Sterling Infrastructure Q4 2023 Adj EPS $1.30 Beats $1.00 Estimate, Sales $485.98M Miss $522.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure (NASDAQ:STRL) reported Q4 2023 adjusted EPS of $1.30, surpassing the $1.00 estimate, marking a 94.03% increase from last year. However, their sales of $485.98M fell short of the $522.45M estimate, despite being an 8.33% increase from the previous year.
February 26, 2024 | 9:20 pm
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Sterling Infrastructure's Q4 2023 earnings surpassed estimates with an adjusted EPS of $1.30, a significant increase from last year, but sales missed estimates.
The substantial beat on the EPS estimate and the significant year-over-year growth indicate strong profitability, likely leading to positive investor sentiment. However, the miss on sales estimates could temper some of the enthusiasm, suggesting a mixed but overall positive short-term impact on the stock price.
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