Pre-Q2 Earnings Review: To Buy or Not to Buy Sterling (STRL)?

Sterling Infrastructure, Inc. (STRL) is scheduled to report second-quarter 2024 results on Aug 5, after the closing bell. In the first quarter, Sterling's revenues, though, missed the Zacks Consensus Estimate by 2.9% but grew 9% year over year despite challenging weather. The company achieved a record gross margin of 17.5% and delivered earnings per share (EPS) of $1.00 (beating the consensus mark by 22$2.35 billion, up 45% year over year, and secured awards ...