If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Sterling Infrastructure (STRL) . This company, which is in the Zacks Engineering - R and D Services industry, shows potential for another earnings beat.This civil construction company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two ...

In the latest trading session, Sterling Infrastructure (STRL) closed at $196.58, marking a -1.98% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.93%, and the technology-dominated Nasdaq saw an increase of 0.22%.The civil construction company's shares have seen an increase of 14.68% over the last month, surpassing the Construction sector's gain of 4.6% and the S&P 500's gain of 2.69%.The investment community will be ...

Sterling Infrastructure, Inc. (STRL) has been on an impressive run, surging 49.8% in the past six months and outperforming both the Zacks Engineering - R and D Services industry and the broader Zacks Construction sector, as shown below. Currently trading about 10.3% below its 52-week high of $203.49, reached on Nov. 26, 2024, the stock continues to attract attention. The STRL stock has also outperformed its peer group company, Dycom Industries, Inc. (DY) . Dycom shares have surged 5.3% over the same time fr ...

Sterling Infrastructure (STRL) ended the recent trading session at $162.22, demonstrating a -0.8% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.86%, while the tech-heavy Nasdaq lost 0.38%.Shares of the civil construction company witnessed a loss of 9.3% over the previous month, beating the performance of the Construction sector with its loss of 10.48% and underperforming the S&P 500's loss of 2.2%.The investment community will ...

Core Viewpoint - Sterling Infrastructure, Inc. has amended its operating agreement with Road and Highway Builders, LLC, changing the reporting of RHB's results under GAAP without affecting its contribution to Sterling's consolidated net income [1][4]. Group 1: Ownership and Agreement Changes - Sterling has held a 50% ownership interest in RHB since 2012, with Rich Buenting owning the other 50% [2]. - The amendment addresses the ownership structure in the event of Mr. Buenting's death or disability, providing four alternatives for the future of RHB [2]. Group 2: Financial Reporting Changes - Prior to the amendment, RHB's assets and liabilities were fully consolidated into Sterling's financial statements, with Mr. Buenting's interest reported as a liability [3]. - Following the amendment, Sterling will no longer consolidate RHB's results, and its interest will be presented on one line in the consolidated balance sheet [4]. - Starting in 2025, 50% of RHB's operating income will be reported on one line in Sterling's consolidated statements, and RHB's revenue will not be included in Sterling's consolidated revenue [5]. Group 3: Financial Expectations - RHB's revenue is projected to be between $230 million and $240 million in 2024, while its standalone backlog is estimated to be between $425 million and $475 million at the end of the year [5].

Sterling Infrastructure (STRL) closed the latest trading day at $178.15, indicating a +0.36% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow lost 0.06%, while the tech-heavy Nasdaq added 1.24%.Market participants will be closely following the financial results of Sterling Infrastructure in its upcoming release. The company is forecasted to report an EPS of $1.32, showcasing a 1.54% upward movement from the corresponding quarte ...

Core Viewpoint - Sterling Infrastructure, Inc. (STRL) has demonstrated significant growth driven by its E-Infrastructure and transportation segments, positioning itself favorably in the infrastructure sector amid increasing demand for digital and physical infrastructure solutions [4][6][13]. Group 1: Financial Performance - Sterling's stock has surged 98.7% in 2024, reflecting strong market confidence and outpacing the broader Zacks Construction sector [10]. - The company generated $322.8 million in operating cash flow during the first nine months of 2024, allowing for strategic investments and share buybacks totaling $50.6 million [16]. - Sterling's trailing 12-month return on equity (ROE) stands at 27.52%, significantly higher than the industry average, indicating efficient management and strong shareholder returns [18]. Group 2: Revenue Growth and Segments - The E-Infrastructure segment contributed 45% of third-quarter 2024 revenues, with a year-over-year revenue surge of 90%, driven by demand for data centers [4][5]. - The transportation segment accounted for 38% of third-quarter revenues, with a 33.8% increase in revenues for the first nine months of 2024, supported by a $1.4 billion backlog in transportation projects [6][11]. - Federal infrastructure programs, such as the Infrastructure Investment and Jobs Act, have provided a strong tailwind for the transportation segment, enhancing revenue visibility into 2025 and beyond [6][13]. Group 3: Valuation and Market Position - Sterling is trading at a forward 12-month price-to-earnings (P/E) multiple of 26X, which is a 14.4% premium to the Zacks Engineering - R and D Services industry average of 22.73X [8]. - Analysts have set an average price target of $191.50 for Sterling, suggesting a potential upside of 14.6% from current levels, reflecting confidence in the company's growth prospects despite its premium valuation [20]. - The company's strategic focus on high-margin opportunities and robust backlog positions it favorably for sustained growth in the infrastructure sector [13][15].

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today December 17th:Sterling Infrastructure, Inc. (STRL) : This company which specializes in E-Infrastructure, Building and Transportation Solutions principally in the United States, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.Sterling Infrastructure has a PEG ratio of 2.01 compared with 2.07 for the indu ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Sterling Infrastructure, Inc. (STRL) , a mid-cap company, in the Zacks Engineering - R and D Services industry, has caught the attention of Wall Street with an impressive 67.2% surge in its stock price over the past three months.This rally has outpaced the industry, the broader Zacks Construction sector and the S&P 500 respectively, leading many investors to question whether the stock is still a good buy or if the rally has run its course.Sterling, a premier U.S. service provider specializing in transportat ...