Granite Construction Inc expected to post earnings of $1.45 a share - Earnings Preview

Granite Construction Incorporated

27/10/2023 19:40

* Granite Construction Inc  GVA.N   GVA  is expected to show
a
rise in quarterly revenue when it reports  results on October
31. 
    * The Watsonville California-based  company is expected to
report 
a 7.0% increase in revenue to $1.081 billion from $1.01 billion
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Granite
Construction Inc
is for earnings of $1.45 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 $53​, above​ its last closing price
of $34.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.11        0.99       1.03      Beat    4
 Mar. 31 2023  0.06        0.03       -0.41     Missed  -1,740
 Dec. 31 2022  0.36        0.34       0.56      Beat    63.5​
 Sep. 30 2022  0.96        0.93       1.41      Beat    51.5
 ​​Jun.        0.58        0.62       0.38      Missed  -38.7
 30 2022                                                
 Mar. 31 2022  -0.17       -0.15      -0.29     Missed  -99.5​
 Dec. 31 2021  0.31        0.36       -0.29     Missed  -181.1
 Sep. 30 2021  0.99        0.96       0.73      Missed  -24.2
 This summary was machine generated October 27 at 18:40 GMT.  All
figures in US dollars  unless otherwise stated