Granite Construction Inc expected to post a loss of 35 cents a share - Earnings Preview

Granite Construction Incorporated

30/04/2024 19:56

* Granite Construction Inc  GVA.N   GVA  is expected to show
a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Watsonville California-based  company is expected to
report
a 19.0% increase in revenue to $666.51 million from $560.07
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Granite Construction Inc
is
for a loss of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Granite
Construction Inc is $64.00​, above​ its last closing price
of $55.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.88        0.88       0.82      Missed  -7
 Sep. 30 2023  1.44        1.45       1.69      Beat    16.2
 Jun. 30 2023  1.11        0.99       1.03      Beat    4​
 Mar. 31 2023  0.06        0.03       -0.41     Missed  -1,740
 ​​Dec.        0.36        0.34       0.56      Beat    63.5
 31 2022                                                
 Sep. 30 2022  0.96        0.93       1.41      Beat    51.5​
 Jun. 30 2022  0.58        0.62       0.38      Missed  -38.7
 Mar. 31 2022  -0.17       -0.15      -0.29     Missed  -99.5
 This summary was machine generated April 30 at 18:56 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)