Sterling Infrastructure(STRL) ZACKS·2024-11-29 18:00Group 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 5.96 [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]