Sterling Infrastructure Slips 2.11% as S&P 500 Advances
The shares fell in the latest session, while Zacks expects sharp year-over-year growth in the company’s upcoming quarterly results.
Key takeaways
- Sterling Infrastructure closed at $522.16, down 2.11%, while the S&P 500 gained 0.66%.
- Zacks estimates quarterly earnings of $6.07 per share and revenue of $1.16 billion.
Sterling Infrastructure fell 2.11% to close at $522.16 in the latest trading session, while the S&P 500 gained 0.66%. The Dow rose 0.18% and the Nasdaq advanced 1.05%.
The shares had gained 9.65% over the past month, according to the article, compared with a 2.15% loss for the construction sector and a 0.55% rise for the S&P 500.
Ahead of the company’s upcoming earnings report, Zacks estimates earnings of $6.07 per share and revenue of $1.16 billion for the quarter. Those figures would be increases of 74.43% and 67.7%, respectively, from the year-earlier quarter.
This article was produced with the help of AI technology. Source: Yahoo Finance
