Sterling Infrastructure Sees FY24 EPS $5.60-$5.75 vs $5.24 Est., Sees Revenue $2.150B-$2.225B vs $2.18B Est.
Portfolio Pulse from Benzinga Newsdesk
Sterling Infrastructure (STRL) has provided its financial outlook for FY24, projecting an EPS of $5.60-$5.75, which is higher than the estimated $5.24. The company also expects revenue to be in the range of $2.150 billion to $2.225 billion, compared to the estimated $2.18 billion.
August 05, 2024 | 8:32 pm
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Sterling Infrastructure (STRL) has provided a positive financial outlook for FY24, with EPS projections of $5.60-$5.75 surpassing the estimated $5.24. Revenue is expected to be in the range of $2.150 billion to $2.225 billion, compared to the estimated $2.18 billion.
The higher-than-expected EPS projection is likely to positively impact investor sentiment and drive the stock price up in the short term. The revenue projection, while close to estimates, also supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100