Sterling Infrastructure will announce its earnings results this Monday after market close. Last quarter, the company reported revenues of $825.7 million, up 91.6% year on year, beating analysts' expectations on both EPS and EBITDA. For the upcoming quarter, the market expects revenue growth of 66.5% year on year, a significant improvement from the 5.4% increase in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days, though Sterling has missed Wall Street's revenue estimates multiple times over the past two years. Among peers in the construction and engineering segment, EMCOR and MasTec have already reported their Q2 results, with EMCOR beating revenue expectations by 9.4% and MasTec topping estimates by 1.4%. Sterling's share price is down 16.7% over the last month, and it heads into earnings with an average analyst price target of $946.67 compared to the current share price of $596.99.
Sterling Infrastructure, Inc.Sterling reports earnings after close; market expects revenue growth, but past misses and recent share decline create uncertainty.
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