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Is Sterling Infrastructure (STRL) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-08-23 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth s ...
STRL vs. ACM: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-08-23 16:41
Investors interested in stocks from the Engineering - R and D Services sector have probably already heard of Sterling Infrastructure (STRL) and Aecom Technology (ACM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a ...
Sterling Infrastructure, Inc. (STRL) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-08-23 14:05
Sterling Infrastructure (STRL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this civil construction company have returned +3.3%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Engineering - R and D Services industry, which Sterling Infrastructure falls in, has gained 4.8%. The key question no ...
Sterling Infrastructure: Solid Q2 Earnings Back Up My Bullishness
Seeking Alpha· 2024-08-14 11:30
1 IF D H HT T 100 - 100 1 i T 1 Pgiam/iStock via Getty Images Investment thesis My initial bullish thesis about Sterling Infrastructure (NASDAQ:STRL) aged well as the stock delivered a 47% rally since October 2023, substantially outperforming the broader U.S. market. The stock still has a high Seeking Alpha Quant rating, and I think it will be interesting for readers if I share my insights about recent developments and update my valuation analysis. I remain optimistic, as I believe that both recent developm ...
Sterling Announces Appointment of Dan Govin as Chief Operating Officer
Prnewswire· 2024-08-08 12:35
THE WOODLANDS, Texas, Aug. 8, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced the appointment of Dan Govin as Chief Operating Officer ("COO"). In this role, Dan will be responsible for leading the execution of Sterling's strategic and operational activities. Dan brings 30 years of experience in operations and leadership to Sterling. Since 1994, Dan has held multiple commercial and operations management roles within the energy infrastructure i ...
Sterling Infrastructure (STRL) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-08-07 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the ...
STRL or ACM: Which Is the Better Value Stock Right Now?
ZACKS· 2024-08-07 16:40
Investors interested in Engineering - R and D Services stocks are likely familiar with Sterling Infrastructure (STRL) and Aecom Technology (ACM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strat ...
Why Sterling Infrastructure Rallied on Tuesday
The Motley Fool· 2024-08-06 20:26
Core Insights - Sterling Infrastructure reported second-quarter earnings that significantly exceeded expectations, leading to a rise in share price and an increase in full-year guidance [2][3][5] Financial Performance - In Q1, Sterling achieved 11.6% revenue growth to $582.8 million and a 31% increase in earnings per share (EPS) to $1.67, both surpassing analyst estimates [3] - Full-year revenue guidance was raised to a range of $2.15 billion to $2.225 billion, and diluted EPS guidance was increased to $5.60 to $5.75, up from previous estimates [3] Market Segments - Sterling operates in three main segments: E-infrastructure solutions, Transportation solutions, and Building solutions [4] - E-infrastructure revenue declined by 7%, but operating income grew by 20%, driven by 100% growth in the higher-margin data center segment [4] - The Transportation segment surged by 54%, with operating profits increasing by 57%, attributed to strong public-private infrastructure investments from the Bipartisan Infrastructure Act of 2021 [4] Investment Outlook - Sterling Infrastructure is viewed as a solid growth opportunity, trading at 18.8 times the recently raised EPS guidance, with a strong net cash position [5]
Sterling Infrastructure(STRL) - 2024 Q2 - Earnings Call Transcript
2024-08-06 16:03
Start Time: 09:00 January 1, 0000 9:40 AM ET Sterling Infrastructure, Inc. (NASDAQ:STRL) Q2 2024 Earnings Conference Call August 06, 2024, 09:00 AM ET Company Participants Joe Cutillo - CEO Sharon Villaverde - CFO Noelle Dilts - VP, IR and Corporate Strategy Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Julio Romero - Sidoti Operator Good morning, ladies and gentlemen, and welcome to the Sterling Infrastructure Second Quarter 2024 Conference Call and Webcast. At ...
Sterling Infrastructure(STRL) - 2024 Q2 - Earnings Call Presentation
2024-08-06 15:59
| --- | --- | |------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | Q2 2024 Earnings Call August 6, 2024 | | | We build and service the infrastructure that enables our economy to run, our people to move, and our country to grow. | | ST DISCLOSURE: Forward-Looking Statements This presentation contains, and the officers and directors of the Company may from time to time make, statements that are considered forwardlookin ...