Core Viewpoint - Sterling Infrastructure, Inc. (STRL) is positioned for strong growth driven by its focus on e-infrastructure and transportation markets, despite recent stock performance challenges [7][21]. Financial Performance - STRL reported Q3 2024 EPS of $1.97, a 56% increase year-over-year, exceeding the Zacks Consensus Estimate by 17.3% [1][2]. - Revenues for Q3 2024 were $593.7 million, slightly missing expectations by 1% [1]. - The company's backlog reached $2.1 billion, with a combined backlog of $2.37 billion, indicating strong future growth potential [1]. Segment Performance - E-Infrastructure Solutions accounted for 45% of Q3 2024 revenues, with data center projects making up over 50% of its backlog [8]. - The Transportation Solutions segment represented 38% of total revenues, benefiting from robust state and local funding and the Infrastructure Bill's allocation of $643 billion [9]. - The Building Solutions segment, which accounted for 17% of revenues, faces challenges in the residential construction market due to affordability concerns and high interest rates [10]. Market Position and Strategy - STRL has consistently surpassed earnings expectations, with an average surprise of 21.5% over the last four quarters [2][3]. - The company is strategically focused on high-margin projects and has established itself as a major player in the e-infrastructure market [7]. Valuation and Stock Performance - STRL stock has underperformed, losing 20% since the AI-related market selloff on January 27, 2025, and 39.7% from its 52-week high [12][15]. - The stock is currently trading at a forward P/E ratio of 18.98, above the industry average of 18.33 and its three-year median of 15.24, indicating a stretched valuation [15][16]. Future Outlook - The company is expected to benefit from increased capital expenditures in AI-related infrastructure, with major clients like Amazon and Meta planning significant investments [21]. - Despite the promising outlook, the heavy reliance on big tech contracts poses risks if there is a slowdown in AI-related spending [22].

Company Performance - Sterling Infrastructure (STRL) closed at $124.27, down 1.93% from the previous trading day, underperforming the S&P 500, which fell 0.43% [1] - Over the past month, STRL shares have decreased by 36.82%, significantly lagging behind the Construction sector's loss of 5.29% and the S&P 500's gain of 2.6% [2] Upcoming Earnings - The company is set to release its earnings report on February 25, 2025, with an expected EPS of $1.34, reflecting a 3.08% increase from the same quarter last year [3] - Revenue is forecasted to be $533.75 million, indicating a 9.83% increase compared to the same quarter last year [3] Analyst Sentiment - Recent revisions to analyst forecasts for Sterling Infrastructure are crucial as they indicate changing business trends, with positive revisions suggesting analyst optimism about the company's profitability [4] - The Zacks Rank system, which evaluates estimate changes, currently ranks Sterling Infrastructure at 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] Valuation Metrics - Sterling Infrastructure has a Forward P/E ratio of 19.62, which is slightly higher than its industry's Forward P/E of 19.46 [7] - The company holds a PEG ratio of 1.31, comparable to the industry average PEG ratio of 1.32 [8] Industry Context - The Engineering - R and D Services industry, part of the Construction sector, has a Zacks Industry Rank of 163, placing it in the bottom 36% of over 250 industries [9]

Sterling Infrastructure, Inc. (STRL) has seen a sharp decline, dipping 18% in the past month, compared with the Zacks Engineering - R and D Services industry’s 6.8% decline. This significant pullback contrasts with the broader market trends, as the Zacks Construction sector edged up by 0.2% and the Zacks S&P 500 Composite gained 3.8% during the same period.Even within its industry, STRL has underperformed, lagging behind competitors like Dycom Industries, Inc. (DY) , which gained 4.7% over the same timefram ...

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]

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]

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 ...

In the latest trading session, Sterling Infrastructure (STRL) closed at $196.58, marking a -1.98% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.93%, and the technology-dominated Nasdaq saw an increase of 0.22%.The civil construction company's shares have seen an increase of 14.68% over the last month, surpassing the Construction sector's gain of 4.6% and the S&P 500's gain of 2.69%.The investment community will be ...

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) 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 ...

THE WOODLANDS, Texas, Jan. 7, 2025 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it executed an amendment to its Road and Highway Builders, LLC ("RHB") Operating agreement on December 31, 2024. This amendment changes the way that RHB results are reported under Generally Accepted Accounting Principles ("GAAP"), but does not change RHB's historical or future contribution to Sterling's consolidated net income. Since 2012, Sterling has held a 5 ...