Sterling Infrastructure Maintains FY24 Revenue Outlook Of $2.125B-$2.215B (Est $2.167B), EPS Of $5.00-$5.30 (Est $4.99)
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure has reaffirmed its fiscal year 2024 revenue outlook, projecting revenues to be between $2.125 billion and $2.215 billion, aligning with analyst estimates of $2.167 billion. The company also maintains its earnings per share (EPS) forecast to be in the range of $5.00 to $5.30, slightly above the analyst estimate of $4.99.
May 06, 2024 | 8:43 pm
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Sterling Infrastructure maintains its FY24 revenue and EPS outlook, potentially indicating strong future performance and confidence in meeting financial targets.
By maintaining its revenue and EPS outlook for FY24, Sterling Infrastructure demonstrates confidence in its operational and financial strategy. This reaffirmation could positively influence investor sentiment, as the EPS forecast exceeds analyst expectations, suggesting potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100