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Sterling Infrastructure (STRL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
A company capable of generating earnings well above its interest expense can withstand financial hardship. LDOS, STRL, HRB & LRN are sound enough to meet financial obligations.
Sterling Infrastructure stock is cheap again after the recent pullback. Sterling Infrastructure is well-positioned to benefit from the AI gold rush. Its E-infra solutions business accounts for over 70% of its operating income, underpinned by its data center focus.
Sterling Infrastructure stock has rallied 47% since October 2023, outperforming the market since my initial thesis went live. Recent developments show strong revenue growth, operating margin expansion, and raised guidance for FY 2024, indicating bullish signs for investors. Valuation update suggests massive undervaluation with a vast upside potential.
OPFI, GLDD and STRL made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 9, 2024.
THE WOODLANDS, Texas , Aug. 8, 2024 /PRNewswire/ -- Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced the appointment of Dan Govin as Chief Operating Officer ("COO"). In this role, Dan will be responsible for leading the execution of Sterling's strategic and operational activities.
Sterling Infrastructure (STRL) possesses solid growth attributes, which could help it handily outperform the market.
Sterling delivered a beat-and-raise quarter. Management has deftly pivoted to higher-margin markets amid a macro slowdown.
Start Time: 09:00 January 1, 0000 9:40 AM ET Sterling Infrastructure, Inc. (NASDAQ:STRL ) Q2 2024 Earnings Conference Call August 06, 2024, 09:00 AM ET Company Participants Joe Cutillo - CEO Sharon Villaverde - CFO Noelle Dilts - VP, IR and Corporate Strategy Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Julio Romero - Sidoti Operator Good morning, ladies and gentlemen, and welcome to the Sterling Infrastructure Second Quarter 2024 Conference Call and Webcast.
Sterling Infrastructure (STRL) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.27 per share a year ago.