Sterling Infrastructure(US:STRL) ZACKSยท2024-09-20 22:50Company Performance - Sterling Infrastructure (STRL) closed at $148.16, reflecting a +0.37% change from the previous trading day's closing, outperforming the S&P 500's daily loss of 0.19% [1] - The company has gained 29.86% in the past month, significantly higher than the Construction sector's gain of 8.17% and the S&P 500's gain of 2.06% [2] Earnings Forecast - The upcoming earnings report is expected to show an EPS of $1.68, representing a 33.33% increase from the same quarter last year, with a projected revenue of $599.9 million, indicating a 7.06% rise from the equivalent quarter last year [3] - For the entire fiscal year, earnings are forecasted at $5.66 per share and revenue at $2.16 billion, reflecting increases of +26.62% and +9.69% respectively from the previous year [4] Analyst Estimates and Rankings - Recent adjustments to analyst estimates are seen as positive indicators for the company's business outlook, with the Zacks Rank system currently rating Sterling Infrastructure as 1 (Strong Buy) [4][6] - The Zacks Rank system has a strong historical performance, with 1 stocks generating an average annual return of +25% since 1988 [6] Valuation Metrics - Sterling Infrastructure has a Forward P/E ratio of 26.1, which is a premium compared to the industry's average Forward P/E of 22.02, and a PEG ratio of 1.74, compared to the industry average of 1.58 [7] - The Engineering - R and D Services industry, which includes Sterling Infrastructure, has a Zacks Industry Rank of 88, placing it in the top 35% of over 250 industries [8]