How did STRL's Q1 2024 EPS surprise impact short-term traders?

Sterling Infrastructure's (STRL) Q1 2024 EPS surprise of $0.18 had a significant impact on short-term traders, leading to both positive and negative effects: 1. **Positive Impact on Confidence**: The EPS surprise could have boosted the confidence of short-term traders who were optimistic about STRL's future performance. This positive sentiment could have led to increased trading volume and potentially higher stock prices as traders took advantage of the favorable news. 2. **Increased Volatility**: However, the surprise could also have caused increased volatility in the stock as traders adjusted their positions based on the new information. This volatility could have presented both opportunities and risks for short-term traders, depending on their timing and market analysis. 3. **Market Reaction**: The market's reaction to the EPS surprise was likely mixed, with some traders celebrating the positive earnings beat while others might have been concerned about the company's long-term sustainability or compared it to expectations. This mixed reaction could have led to a range of trading strategies among short-term traders. |code|Ticker|Name|Date|EPS Surprise YoY|EPS Surprise|market_code| |---|---|---|---|---|---|---| |STRL|STRL.O|Sterling|20230630|183.33333333333337|0.34|185| |STRL|STRL.O|Sterling|20230930|-90|0.01|185| |STRL|STRL.O|Sterling|20231231|1600|0.3|185| |STRL|STRL.O|Sterling|20240331|124.99999999999997|0.18|185|