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Sterling Infrastructure Q3 Raises the Earnings Ceiling

Writer: Antonia Njeru
Antonia Njeru
3 hours ago
8 min read

Sterling Infrastructure Inc  |  Valuation date 28 October 2026  |  Updated rating Strong Buy


Summary

  • I maintain a Strong Buy rating at the current price. The operating thesis is stronger, but the original $728.29 entry has lost 46.6%, so the old timing call failed.  


  • 3Q FY 2026 revenue reached $1.564 Bn and adjusted EPS reached $7.58, beating consensus by about 31% and 22%, respectively.


  • The mission-critical thesis strengthened again: E-Infrastructure revenue rose 212%, organic revenue grew about 70%, and total scoped work approached $8 Bn.


  • My base case values Sterling at $548 per share, using 22.0x my 2027 adjusted EPS estimate of $27.85 and a 10% discount rate. That implies 41% upside from $388.87.

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Sunset over an oil refinery with large silver pipelines and tall smokestacks under an orange sky
Source; Sterling

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