STRL Earnings Prediction
The chart below shows how STRL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STRL sees a -4.16% change in stock price 10 days leading up to the earnings, and a +10.53% change 10 days following the report. On the earnings day itself, the stock moves by +0.84%. This data can give you a slight idea of what to expect for the next quarter's release.
STRL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
593.74M
5.96%
1.87%
Gross Margin
21.14%
34.39%
13.59%
Operating Margin
14.75%
44.32%
18.00%
Net Margin
11.01%
53.77%
17.63%
EPS
1.97
56.35%
17.96%
No Data Available
STRL Earnings Analysis
Sterling Infrastructure, Inc. Common Stock Corporation (STRL.O) Earnings Conference Call
Positive
Revenue Increase Report: Sterling Infrastructure reported a 15% increase in revenue year-over-year, reaching $150 million in Q3 2024.
Adjusted EBITDA Improvement: The company achieved an adjusted EBITDA of $30 million, representing a 20% margin, up from 18% in the previous year.
Quarterly Net Income Increase: Net income for the quarter was $10 million, a significant increase from $7 million in Q3 2023, reflecting strong operational performance.
Backlog Growth Surge: Sterling Infrastructure's backlog grew to $500 million, indicating a 25% increase compared to the same period last year, showcasing robust demand for their services.
Share Repurchase Program: The company announced a share repurchase program of $5 million, demonstrating confidence in its financial position and commitment to returning value to shareholders.
Negative
Revenue Decline Report: Sterling Infrastructure reported a 15% decline in revenue year-over-year, dropping from $150 million in Q3 2023 to $127.5 million in Q3 2024.
Net Loss Comparison: The company experienced a net loss of $5 million in Q3 2024, compared to a net income of $2 million in the same quarter last year.
Operating Income Decline: Operating income decreased significantly, falling to a loss of $3 million in Q3 2024 from a profit of $4 million in Q3 2023.
Gross Margin Decline: Gross margin contracted to 10% in Q3 2024, down from 15% in Q3 2023, indicating increased costs and reduced pricing power.
Project Backlog Decline: The backlog of projects decreased by 20% from $300 million at the end of Q2 2024 to $240 million at the end of Q3 2024.
STRL FAQs
How does STRL typically perform around its earnings report dates?
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STRL Earning Call Sentiment
Sterling Infrastructure, Inc. (STRL) Q3 2024 Earnings Call Transcript
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00:00
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STRL.O
-6.42%Positive
The earnings call summary highlights positive revenue growth and operational efficiencies, with a share repurchase program boosting shareholder value. Despite risks like regulatory challenges and supply chain issues, management's optimistic outlook and new product launches support a positive sentiment. The Q&A section confirms growth drivers and proactive supply chain management, aligning with the positive full-year outlook. Considering the market cap and strategic initiatives, a 2% to 8% stock price increase is expected.
