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 ...

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].

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today December 17th:Sterling Infrastructure, Inc. (STRL) : This company which specializes in E-Infrastructure, Building and Transportation Solutions principally in the United States, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.Sterling Infrastructure has a PEG ratio of 2.01 compared with 2.07 for the indu ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Sterling Infrastructure (STRL) currently holding a Momentum Style Score of B [2] - The Zacks Rank system complements Style Scores, with STRL rated as 1 (Strong Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics of Sterling Infrastructure - STRL shares have increased by 9.15% over the past week, outperforming the Zacks Engineering - R and D Services industry, which rose by 1.42% [6] - Over the last month, STRL's price change is 26.52%, significantly higher than the industry's 2.67% [6] - In the last quarter, STRL shares rose by 78.83%, and over the past year, they increased by 207.68%, while the S&P 500 only moved 7.61% and 33.32%, respectively [7] Group 3: Trading Volume and Earnings Outlook - STRL's average 20-day trading volume is 387,807 shares, indicating a bullish sign with rising stock prices [8] - In the past two months, two earnings estimates for STRL have increased, raising the consensus estimate from $5.66 to $5.96 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions, reflecting positive earnings outlook [10] Group 4: Conclusion on Investment Potential - Given the strong performance metrics and positive earnings revisions, STRL is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a promising investment option [11]

Core Viewpoint - Sterling Infrastructure, Inc. (STRL) has experienced a significant stock price increase of 67.2% over the past three months, outperforming its industry and broader market indices, raising questions about its future investment potential [1]. Group 1: Company Overview - Sterling is a leading U.S. service provider in transportation, civil construction, and e-infrastructure solutions, benefiting from favorable trends in North America's infrastructure market due to increased government funding and private sector investments [2]. - The E-Infrastructure Solutions segment has become the largest revenue driver for Sterling, accounting for 45% of total revenues in Q3 2024, with a 90% year-over-year revenue increase driven by demand for data centers [6][8]. Group 2: Financial Performance - Sterling's total backlog reached $2.37 billion, reflecting strong demand across its end markets and a shift towards large, multi-phase projects [8]. - The transportation segment, contributing 38% of total revenues, saw a 33.8% revenue increase in the first nine months of 2024, supported by robust federal funding initiatives [9][10]. - Operating cash flow for the first nine months of 2024 was $322.8 million, allowing the company to pursue strategic initiatives and share repurchases totaling $50.6 million year-to-date [11]. Group 3: Growth Drivers - The E-Infrastructure segment's growth is bolstered by advancements in artificial intelligence and technology, with over 50% of its backlog consisting of data center projects [6][7]. - Federal infrastructure programs, particularly the Infrastructure Investment and Jobs Act, have provided significant support for Sterling's transportation projects, enhancing revenue visibility into 2025 and beyond [10]. Group 4: Valuation and Market Position - STRL's stock is currently slightly overvalued compared to its industry, trading lower than some peers but higher than others, with forward P/E multiples indicating a premium valuation [16]. - Analysts have revised EPS estimates upward for 2024 and 2025, projecting year-over-year growth of 33.3% and 8.1%, respectively, reflecting confidence in the company's growth strategy [18].

THE WOODLANDS, Texas, Nov. 15, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that Thomas M. White will retire from the company's Board of Directors (the "Board") effective December 31, 2024. Mr. White was elected Chairman of the Board in December 2019 and served as a member of the Audit, Compensation & Talent Development, and Corporate Governance & Nominating Committees after joining the Board in July 2018. Sterling's Corporate Governance & ...

For Immediate ReleaseChicago, IL – November 12, 2024 – Today, Zacks Equity Research like Sterling Infrastructure (STRL) .Time to Buy Sterling Infrastructures Stock for Higher Highs?Amid a broader post-election rally, quite a few stocks have hit fresh 52-week highs with Sterling Infrastructure being one that stands out in particular.Soaring over +120% year to date, STRL printed a fresh peak of $201 a share in Monday’s trading session and investors may be wondering if higher highs are ahead.Sterling’s Strong ...

Amid a broader post-election rally, quite a few stocks have hit fresh 52-week highs with Sterling Infrastructure (STRL)  being one that stands out in particular.Soaring over +120% year to date, STRL printed a fresh peak of $201 a share in Monday’s trading session and investors may be wondering if higher highs are ahead.Image Source: Zacks Investment Research Sterling’s Strong Q3 Results Mission-critical projects including data center projects have catapulted Sterling’s growth. Reporting its Q3 results last ...

Core Viewpoint - Sterling Infrastructure (STRL) has shown significant stock performance, with a 23.2% increase over the past month and a 120.2% rise since the beginning of the year, outperforming both the Zacks Construction sector and the Zacks Engineering - R and D Services industry [1] Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $1.97 against a consensus estimate of $1.68 in its latest earnings report [2] - For the current fiscal year, Sterling Infrastructure is projected to achieve earnings of $5.96 per share on revenues of $2.16 billion, reflecting a 33.33% increase in EPS and a 9.69% increase in revenues [3] - The next fiscal year forecasts an EPS of $6.11 per share on revenues of $2.33 billion, indicating year-over-year changes of 2.52% in EPS and 7.74% in revenues [3] Valuation Metrics - The stock currently trades at a valuation of 32.5 times the current fiscal year EPS estimates, which is higher than the peer industry average of 23.3 times [7] - On a trailing cash flow basis, the stock trades at 30.1 times compared to the peer group's average of 17.9 times [7] - The PEG ratio stands at 2.17, suggesting that the company is not positioned among the top value stocks [7] Zacks Rank and Style Scores - Sterling Infrastructure holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates [8] - The stock has a Value Score of D, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of B [6][9] - The combination of a strong Zacks Rank and acceptable Style Scores indicates potential for the stock in the near future [9]

Sterling Infrastructure (NASDAQ: STRL ) offers investors a unique combination of growth potential and financial stability. I think so because the company capitalizes on positive trends both in mature and emerging industries. STRL benefits from the increased governmental infrastructure spending inAs an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering ...