Get ready to discover the eagerly anticipated second quarter financial results of Sterling Infrastructure (NASDAQ: STRL) on Monday 5th August 2024. This significant announcement is scheduled to take place after market close, giving investors and analysts a chance to gain valuable insights into the company’s financial performance.
Wall Street financial experts forecast that the concern is set to announce an expected $1.42 profit per share for the quarter. Moreover, the company is anticipated to disclose a total revenue of $563.23 million for this particular period.
Rolling out their 2024 plans, STRL forecasted revenue ranging from $2.13 to $2.22 billion, with an anticipation of earnings around $5.00 to $5.30 profit per share, Where as the wall street analysts expect that the bottom line will be at profit of $5.24 per share supported by revenues of $2.18 billion.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $1.00 | +56.3% | 440.36 M | +9.1% |
| Q4 2023 | $1.30 | +97.0% | 485.98 M | +8.3% |
| Q3 2023 | $1.26 | +29.9% | 560.35 M | +0.6% |
| Q2 2023 | $1.27 | +47.7% | 522.33 M | +2.3% |
*Growth on year-over-year basis
The company’s earnings report for the corresponding quarter of the previous year showcased a per-share income of $1.27. This figure was a result of the company’s total revenue, which reached an impressive $522.33 million during that specific period.STRL will host a conference call with investment community on 6th August 2024 at 09:00 AM eastern time to discuss the financial results.
Sterling Infrastructure (STRL) shares experienced a range of $101.21 to $106.76 on a day volume of 671.00 thousand shares. The stock closed Friday’s regular trading session at $104.90, demonstrating a 4.62 percent drop.
