Sterling Infrastructure Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Sterling Infrastructure (NASDAQ:STRL) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.12b (up 7.3% from FY 2023).
• Net income: US$257.5m (up 86% from FY 2023).
• Profit margin: 12% (up from 7.0% in FY 2023).
• EPS: US$8.35 (up from US$4.51 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sterling Infrastructure EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 3.6% from a week ago.

Valuation

Sterling Infrastructure's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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