Granite Construction Inc expected to post earnings of $1.39 a share - Earnings Preview

Granite Construction Incorporated

30/07/2024 20:07

* Granite Construction Inc  GVA.N   GVA  is expected to show
a
rise in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The Watsonville California-based  company is expected to
report
a 12.2% increase in revenue to $1.008 billion from $898.55
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Granite Construction Inc
is
for earnings of $1.39 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 $69.00​, above​ its last closing price
of $67.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.31       -0.35      -0.21     Beat    39.4
 Dec. 31 2024  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.        0.06        0.03       -0.41     Missed  -1,740
 31 2023                                                
 Jan. 1 0001   0.36        0.34       0.56      Beat    63.5​
 Sep. 30 2022  0.96        0.93       1.41      Beat    51.5
 Jun. 30 2022  0.58        0.62       0.38      Missed  -38.7
 This summary was machine generated July 30 at 19:07 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)