Sterling Infrastructure Q1 2024 GAAP EPS $1.00 Beats $0.77 Estimate, Sales $440.360M Beat $412.833M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure (NASDAQ:STRL) reported Q1 2024 earnings of $1.00 per share, surpassing the $0.77 estimate, a 56.25% increase from last year. Sales reached $440.360M, beating the $412.833M estimate, up 9.11% from the previous year.
May 06, 2024 | 8:12 pm
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Sterling Infrastructure reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $1.00 and sales at $440.360M.
The substantial beat on both earnings per share and sales estimates for Sterling Infrastructure indicates strong financial performance and operational efficiency. This outperformance, especially when it surpasses analyst expectations by a significant margin, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The reported growth over the previous year's figures further underscores the company's upward trajectory, making it an attractive asset for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100