Sterling Infrastructure Sees FY24 Adj. EPS $4.85-$5.15 Vs $4.71 Est.; Revenue $2.125B-$2.215B Vs $2.201B Est.
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure projects its FY24 adjusted EPS to be between $4.85 and $5.15, surpassing the estimated $4.71. The company also forecasts revenue to range from $2.125 billion to $2.215 billion, slightly below the $2.201 billion estimate.
February 26, 2024 | 9:32 pm
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Sterling Infrastructure anticipates a higher FY24 adjusted EPS than estimated, with revenues slightly below expectations.
The positive adjustment in EPS forecasts for Sterling Infrastructure suggests a strong financial outlook, likely leading to a positive short-term impact on its stock price. However, the slightly lower revenue projection could temper some of the enthusiasm, making the overall impact positive but with caution.
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