Sterling Infrastructure (STRL) Q4 Earnings Surpass Estimates

Core Viewpoint - Sterling Infrastructure (STRL) reported quarterly earnings of $1.46 per share, exceeding the Zacks Consensus Estimate of$ 1.34 per share, and showing an increase from $1.30 per share a year ago, representing an earnings surprise of 8.96% [1][2] Financial Performance - The company posted revenues of$ 498.83 million for the quarter ended December 2024, which was 6.54% below the Zacks Consensus Estimate, compared to $485.98 million in the same quarter last year [2] - Over the last four quarters, Sterling Infrastructure has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Sterling Infrastructure shares have declined approximately 35.5% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.01 on revenues of $419.4 million, and for the current fiscal year, it is$ 6.46 on revenues of $2.07 billion [7] Industry Outlook - The Engineering - R and D Services industry, to which Sterling Infrastructure belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Sterling Infrastructure's stock performance [5][6]