Sterling Construction Company Inc (NASDAQ:STRL) a heavy civil and residential construction firm, is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.45 per share.
For the full year, analysts predict revenues of $ 1428.61 million, while looking forward to income of $ 1.52 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,415.00 million ~ $ 1,430.00 million
Click Here For More Historical Outlooks Of Sterling Construction Company Inc
Previous Quarter Performance
Sterling Construction Company Inc announced income for the second quarter of $ 0.65 per share, from the revenue of $ 400.04 million. The quarterly earnings developed 124.14 percent while revenues elevated 51.48 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.31 per share from $ 329.35 million in revenue. The bottom line results beat street analysts by $ 0.34 or 109.68 percent, at the same time, top line results outshined analysts by $ 70.69 million or 21.46 percent.
Stock Performance
On Friday, shares of Sterling Construction Company Inc has traded high as $ 14.83 and has cracked $ 13.66 on the downward trend, reaching $ 14.70 with volume of 281.10 thousand shares.
According to the previous trading day, closing price of $ 14.70, representing a 106.99 % increase from the 52 week low of $ 6.72 and a 21.94 % decrease over the 52 week high of $ 17.82.
The company has a market capital of $ 412.60 million and is part of the Industrials sector and Engineering & Construction industry.
Sterling Construction Company, Inc., together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The companys Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures. This segment primarily serves the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities, and railroads, as well as commercial construction customers.
