Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Star Equity Holdings, Inc. (STRR)
:STRR
RESEARCH TOOLSreports
Holding STRR?
Track your performance easily
Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.38Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: -25.65%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were positive developments, such as significant revenue growth, large project announcements, and successful acquisitions, challenges like gross margin decline, an impairment charge, and negative cash flow were also highlighted. The company is optimistic about future prospects, particularly with increased activity in the Building Solutions division.Company Guidance
During the Q3 2024 earnings call for Star Equity Holdings, the company provided guidance highlighting several key metrics and business developments. The company's revenue increased by 30.9% over the previous year, driven by acquisitions such as Timber Technologies and Big Lake Lumber. However, gross margin decreased by 0.5% due to constant fixed costs amid revenue declines in certain divisions. The Building Solutions division showed signs of recovery with new project announcements totaling over $5 million, reflecting a gradual return to normalcy in the construction sector. The company reported a consolidated gross profit of $2.8 million, up 27.9% from Q3 2023, despite a net loss from continuing operations of $2 million. Additionally, Star Equity executed two sale-leaseback transactions, generating $8.3 million in net proceeds, and increased its stake in the energy services sector through a $2.5 million investment in Enservco. Looking forward, the company expressed confidence in improving financial performance, backed by a strong construction backlog and favorable market conditions.Significant Revenue Growth
Third quarter revenue increased 30.9% over the third quarter of 2023, driven by acquisitions and increased demand in the Building Solutions division.
Large KBS Projects Announced
Two large KBS projects announced in October: a $3 million contract for cottages and a $1.6 million contract for affordable housing units, with additional projects totaling over $5 million in letters of intent.
Investment in Energy Services
Investment in Enservco, entering the energy services and transportation sectors, with a $2.5 million investment and $1 million promissory note.
Positive Outlook for Building Solutions
Increased activity and interest from previously delayed projects, with a strong construction backlog and sales pipeline.
Successful Acquisitions
Integration of Big Lake Lumber and Timber Technologies acquisitions performing as expected, highlighting successful expansion strategy.
---
STRR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
STRR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $3.08 | $3.05 | -0.97% |
| Aug 13, 2024 | $4.13 | $4.02 | -2.66% |
| May 20, 2024 | $4.40 | $4.54 | +3.18% |
| Mar 22, 2024 | $4.45 | $4.60 | +3.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Star Equity Holdings, Inc. (STRR) report earnings?
Star Equity Holdings, Inc. (STRR) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Star Equity Holdings, Inc. (STRR) earnings time?
Star Equity Holdings, Inc. (STRR) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STRR EPS forecast?
STRR EPS forecast for the fiscal quarter 2024 (Q4) is -0.38.
---