Granite Construction Inc expected to post earnings of 3  cents a share - Earnings Preview

Granite Construction Incorporated

28/04/2023 19:36

* Granite Construction Inc  GVA.N   GVA  is expected to show
a
rise in quarterly revenue when it reports  results on May 2. 
    * The Watsonville California-based  company is expected to
report 
a 19.5% increase in revenue to $654.348 million from $547.59
million 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 3 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 had fallen by
about 3.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Granite
Construction Inc is $55​, above​ its last closing price
of $37.69. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.58        0.62       0.38      Missed  -38.7​
 Mar. 31 2022  -0.17       -0.15      -0.29     Missed  -99.5
 ​​Dec.        0.31        0.36       -0.29     Missed  -181.1
 31 2021                                                
 Sep. 30 2021  0.99        0.96       0.73      Missed  -24.2​
 Jun. 30 2021  0.56        0.52       0.91      Beat    76.1
 Mar. 31 2021  -0.66       -0.66      -1.45     Missed  -120.8
 This summary was machine generated April 28 at 18:36 GMT.  All
figures in US dollars  unless otherwise stated