STER Stock - Sterling Check Corp.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $719.64M | $766.78M | $641.88M | $454.05M | $497.12M |
| Gross Profit | $290.57M | $359.10M | $328.73M | $236.74M | $275.77M |
| Gross Margin | 40.4% | 46.8% | 51.2% | 52.1% | 55.5% |
| Operating Income | $46.59M | $59.01M | $5.17M | $-19,660,000 | $-8,625,000 |
| Net Income | $-116,000 | $19.41M | $-18,527,000 | $-52,293,000 | $-46,682,000 |
| Net Margin | -0.0% | 2.5% | -2.9% | -11.5% | -9.4% |
| EPS | $-0.00 | $0.21 | $-0.19 | $-0.56 | $-0.50 |
Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks. It also provides credential verification services, which include employment verification, education verification, credential verification, professional reference checks, and department of transportation; drug and health screening; onboarding solutions, including Sterling I-9 that integrates a suite of screening and onboarding services and onboarding forms; and workforce, medical license, and motor vehicle records monitoring solutions. The company's services are delivered through its cloud-based technology platform that empowers organizations with real-time and data-driven insights to conduct and manage their employment screening programs. It serves a client base in a range of industries, such as healthcare, gig economy, financial and business services, industrials, retail, contingent, technology, media and entertainment, transportation and logistics, hospitality, education, and government. The company was formerly known as Sterling Ultimate Parent Corp. and changed its name to Sterling Check Corp. in August 2021. Sterling Check Corp. was founded in 1975 and is headquartered in New York, New York.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 16th 2023 | Citigroup | Initiation | Neutral | $13 |
| September 14th 2023 | Wolfe Research | Resumed | Peer Perform | - |
| February 10th 2023 | Needham | Downgrade | Hold | - |
| January 25th 2023 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| September 21st 2022 | Needham | Initiation | Buy | $27 |
| April 11th 2022 | Morgan Stanley | Downgrade | Equal Weight | $26 |
| April 11th 2022 | Morgan Stanley | Downgrade | Equal Weight | $26 |
| April 11th 2022 | Morgan Stanley | Downgrade | Equal Weight | $26 |
Earnings History & Surprises
STEREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2024 | Nov 13, 2024 | $0.27 | $0.18 | -33.3% | ✗ MISS |
Q3 2024 | Aug 8, 2024 | $0.27 | $0.23 | -14.8% | ✗ MISS |
Q2 2024 | May 9, 2024 | $0.24 | $0.19 | -20.8% | ✗ MISS |
Q1 2024 | Feb 29, 2024 | $0.25 | $0.21 | -16.0% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $0.30 | $0.26 | -13.3% | ✗ MISS |
Q3 2023 | Aug 8, 2023 | $0.27 | $0.28 | +3.7% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.22 | $0.24 | +9.1% | ✓ BEAT |
Q1 2023 | Mar 2, 2023 | $0.26 | $0.21 | -19.2% | ✗ MISS |
Q4 2022 | Nov 9, 2022 | $0.30 | $0.29 | -3.3% | ✗ MISS |
Q3 2022 | Aug 9, 2022 | $0.26 | $0.33 | +26.9% | ✓ BEAT |
Q2 2022 | May 10, 2022 | $0.21 | $0.25 | +19.0% | ✓ BEAT |
Q1 2022 | Mar 2, 2022 | $0.17 | $0.23 | +35.3% | ✓ BEAT |
Q4 2021 | Nov 10, 2021 | $0.25 | $0.33 | +32.0% | ✓ BEAT |
Q3 2021 | Sep 24, 2021 | — | $0.01 | — | — |
Q2 2021 | Jun 30, 2021 | — | $0.04 | — | — |
Q4 2020 | Dec 31, 2020 | — | $-0.01 | — | — |
Q3 2020 | Sep 30, 2020 | — | $-0.11 | — | — |
Q2 2020 | Jun 30, 2020 | — | $-0.28 | — | — |
Q1 2020 | Mar 31, 2020 | — | $-0.18 | — | — |
Latest News
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