Sterling Construction (NASDAQ: STRL) saw its stock price surge 5.50% in pre-market trading on Tuesday, following the company's impressive first-quarter earnings report and increased full-year guidance. The civil infrastructure construction firm's financial results exceeded analyst expectations across key metrics, demonstrating robust business momentum.
For Q1 2025, Sterling reported adjusted earnings per share of $1.63, significantly surpassing the consensus estimate of $1.26 and marking a 63% year-over-year increase. While revenue slightly decreased to $430.9 million, it still beat Wall Street's projections. The company's adjusted EBITDA of $80.3 million also outperformed expectations, achieving an impressive 18.6% margin.
In light of the strong quarterly performance, Sterling raised its full-year 2025 guidance. The company now projects adjusted earnings per share between $8.40 and $8.90, up from its previous range. Revenue forecasts were also increased to $2.05 billion to $2.15 billion. Both metrics now exceed current analyst expectations, fueling investor optimism about Sterling's growth prospects. With a solid backlog of $2.13 billion, the company appears well-positioned to maintain its growth trajectory throughout the year, particularly in the rapidly expanding data center sector.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.