Sterling Construction Company (STRL) shares surged 5.65% in pre-market trading on Wednesday, driven by the company's better-than-expected fourth quarter 2024 earnings results and an upbeat outlook for 2025.

For the fourth quarter, Sterling Construction reported adjusted earnings of $1.46 per diluted share, exceeding analysts' consensus estimate of $1.33. However, quarterly revenue of $498.8 million came in below expectations of $531.3 million.

Looking ahead, the construction company issued an optimistic guidance for fiscal 2025, projecting adjusted earnings in the range of $7.90 to $8.40 per share on revenue between $2 billion and $2.15 billion. This outlook surpassed Wall Street's expectations of $6.50 in earnings per share on $2.06 billion in revenue.