Sterling Infrastructure(STRL)
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Sterling Schedules 2024 Fourth Quarter and Full Year Release and Conference Call
Prnewswire· 2025-02-13 14:05
Core Viewpoint - Sterling Infrastructure, Inc. is set to release its financial results for Q4 and the full year of 2024 on February 25, 2025, after market close [1] Financial Results Announcement - The company will host a conference call on February 26, 2025, at 9:00 am ET to discuss the financial results and the outlook for 2025 [2] - Interested participants can join the call by dialing (800) 836-8184 and are advised to call in ten minutes early [2] Webcast Information - A simultaneous webcast of the conference call will be available on the company's website, with an archived version accessible for thirty days [3] Company Overview - Sterling operates through subsidiaries in three segments: E-Infrastructure, Transportation, and Building Solutions, primarily in the U.S. [4] - E-Infrastructure Solutions focus on large-scale site development for various sectors including manufacturing and data centers [4] - Transportation Solutions encompass infrastructure projects for highways, bridges, and airports [4] - Building Solutions provide concrete foundations and plumbing services for residential and commercial projects [4] - The company emphasizes sustainability and community care as part of its operational strategy [4] Leadership Statement - CEO Joe Cutillo stated that the company builds and services infrastructure essential for economic functioning and growth [5]
Sterling Infrastructure: A Compelling Buy Opportunity
Seeking Alpha· 2025-02-03 13:08
Group 1 - Sterling Infrastructure (NASDAQ: STRL) experienced moderated topline growth in the second half of the year due to a significant decline in the building solution segment [1] - The building solution segment is expected to remain under pressure moving forward [1] Group 2 - The analysis reflects a focus on understanding and explaining the financial details of companies, particularly in the technology, industrial, and conglomerate sectors [1]
Why Sterling Infrastructure (STRL) Could Beat Earnings Estimates Again
ZACKS· 2025-01-28 18:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Sterling Infrastructure (STRL) . This company, which is in the Zacks Engineering - R and D Services industry, shows potential for another earnings beat.This civil construction company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two ...
Sterling Infrastructure (STRL) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-01-23 23:56
Group 1 - Sterling Infrastructure (STRL) closed at $196.58, reflecting a -1.98% change from the previous day, underperforming compared to the S&P 500's gain of 0.53% [1] - Over the last month, STRL shares increased by 14.68%, outperforming the Construction sector's gain of 4.6% and the S&P 500's gain of 2.69% [1] Group 2 - The upcoming earnings report for Sterling Infrastructure is anticipated to show an EPS of $1.34, representing a 3.08% increase from the same quarter last year, with revenue expected to reach $533.75 million, up 9.83% year-over-year [2] Group 3 - Recent modifications to analyst estimates for Sterling Infrastructure indicate a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which includes estimate changes, suggests a potential correlation with stock price performance [4] Group 4 - Sterling Infrastructure currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having increased by 0.23% over the past month [5] - The company has a Forward P/E ratio of 31.05, which is a premium compared to its industry's Forward P/E of 19.69, and a PEG ratio of 2.07, higher than the industry average PEG ratio of 1.89 [6] Group 5 - The Engineering - R and D Services industry, which includes Sterling Infrastructure, has a Zacks Industry Rank of 198, placing it in the bottom 22% of over 250 industries [7]
Sterling Stock Surges 50% in 6 Months: Should You Invest Now?
ZACKS· 2025-01-20 17:06
Sterling Infrastructure, Inc. (STRL) has been on an impressive run, surging 49.8% in the past six months and outperforming both the Zacks Engineering - R and D Services industry and the broader Zacks Construction sector, as shown below. Currently trading about 10.3% below its 52-week high of $203.49, reached on Nov. 26, 2024, the stock continues to attract attention. The STRL stock has also outperformed its peer group company, Dycom Industries, Inc. (DY) . Dycom shares have surged 5.3% over the same time fr ...
Sterling Infrastructure (STRL) Stock Sinks As Market Gains: Here's Why
ZACKS· 2025-01-13 23:56
Sterling Infrastructure (STRL) ended the recent trading session at $162.22, demonstrating a -0.8% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.86%, while the tech-heavy Nasdaq lost 0.38%.Shares of the civil construction company witnessed a loss of 9.3% over the previous month, beating the performance of the Construction sector with its loss of 10.48% and underperforming the S&P 500's loss of 2.2%.The investment community will ...
Sterling Announces Amendment to Road and Highway Builders, LLC Operating Agreement
Prnewswire· 2025-01-07 22:56
Core Viewpoint - Sterling Infrastructure, Inc. has amended its operating agreement with Road and Highway Builders, LLC, changing the reporting of RHB's results under GAAP without affecting its contribution to Sterling's consolidated net income [1][4]. Group 1: Ownership and Agreement Changes - Sterling has held a 50% ownership interest in RHB since 2012, with Rich Buenting owning the other 50% [2]. - The amendment addresses the ownership structure in the event of Mr. Buenting's death or disability, providing four alternatives for the future of RHB [2]. Group 2: Financial Reporting Changes - Prior to the amendment, RHB's assets and liabilities were fully consolidated into Sterling's financial statements, with Mr. Buenting's interest reported as a liability [3]. - Following the amendment, Sterling will no longer consolidate RHB's results, and its interest will be presented on one line in the consolidated balance sheet [4]. - Starting in 2025, 50% of RHB's operating income will be reported on one line in Sterling's consolidated statements, and RHB's revenue will not be included in Sterling's consolidated revenue [5]. Group 3: Financial Expectations - RHB's revenue is projected to be between $230 million and $240 million in 2024, while its standalone backlog is estimated to be between $425 million and $475 million at the end of the year [5].
Sterling Infrastructure (STRL) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2025-01-07 00:11
Sterling Infrastructure (STRL) closed the latest trading day at $178.15, indicating a +0.36% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow lost 0.06%, while the tech-heavy Nasdaq added 1.24%.Market participants will be closely following the financial results of Sterling Infrastructure in its upcoming release. The company is forecasted to report an EPS of $1.32, showcasing a 1.54% upward movement from the corresponding quarte ...
Is Sterling Stock Worth Buying at Premium P/E Valuation?
ZACKS· 2024-12-20 21:01
Core Viewpoint - Sterling Infrastructure, Inc. (STRL) has demonstrated significant growth driven by its E-Infrastructure and transportation segments, positioning itself favorably in the infrastructure sector amid increasing demand for digital and physical infrastructure solutions [4][6][13]. Group 1: Financial Performance - Sterling's stock has surged 98.7% in 2024, reflecting strong market confidence and outpacing the broader Zacks Construction sector [10]. - The company generated $322.8 million in operating cash flow during the first nine months of 2024, allowing for strategic investments and share buybacks totaling $50.6 million [16]. - Sterling's trailing 12-month return on equity (ROE) stands at 27.52%, significantly higher than the industry average, indicating efficient management and strong shareholder returns [18]. Group 2: Revenue Growth and Segments - The E-Infrastructure segment contributed 45% of third-quarter 2024 revenues, with a year-over-year revenue surge of 90%, driven by demand for data centers [4][5]. - The transportation segment accounted for 38% of third-quarter revenues, with a 33.8% increase in revenues for the first nine months of 2024, supported by a $1.4 billion backlog in transportation projects [6][11]. - Federal infrastructure programs, such as the Infrastructure Investment and Jobs Act, have provided a strong tailwind for the transportation segment, enhancing revenue visibility into 2025 and beyond [6][13]. Group 3: Valuation and Market Position - Sterling is trading at a forward 12-month price-to-earnings (P/E) multiple of 26X, which is a 14.4% premium to the Zacks Engineering - R and D Services industry average of 22.73X [8]. - Analysts have set an average price target of $191.50 for Sterling, suggesting a potential upside of 14.6% from current levels, reflecting confidence in the company's growth prospects despite its premium valuation [20]. - The company's strategic focus on high-margin opportunities and robust backlog positions it favorably for sustained growth in the infrastructure sector [13][15].
Best Growth Stocks to Buy for December 17th
ZACKS· 2024-12-17 15:51
Group 1: Sterling Infrastructure, Inc. (STRL) - Sterling Infrastructure specializes in E-Infrastructure, Building, and Transportation Solutions primarily in the United States [1] - The company has a Zacks Rank 1 (Strong Buy) and has seen a 5.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Sterling Infrastructure has a PEG ratio of 2.01 compared to the industry average of 2.07 and possesses a Growth Score of A [2] Group 2: Twilio (TWLO) - Twilio enables developers to build, scale, and operate real-time communications within software applications [2] - The company holds a Zacks Rank 1 and has experienced a 6.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Twilio has a PEG ratio of 0.73, significantly lower than the industry average of 1.77, and has a Growth Score of A [3] Group 3: YPF Sociedad Anonima (YPF) - YPF is an international energy company focused on the integrated business of hydrocarbons in Latin America, emphasizing efficiency, profitability, and responsibility [3] - The company carries a Zacks Rank 1 and has seen a substantial 43.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - YPF has a PEG ratio of 0.13 compared to the industry average of 0.57 and possesses a Growth Score of B [4]