Granite Construction Inc expected to post earnings of 36cents a share - Earnings Preview

Granite Construction Incorporated

14/02/2023 16:32

* Granite Construction Inc  GVA.N   GVA  is expected to show
a
rise in quarterly revenue when it reports  results on February
16. 
    * The Watsonville California-based  company is expected to
report 
a 6.6% increase in revenue to $728.315 million from $683.2
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Granite
Construction Inc
is for earnings of 36 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 $47​, above​ its last closing price
of $41.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.31        0.36       -0.29     Missed  -181.1
 ​​Sep.        0.99        0.96       0.73      Missed  -24.2
 30 2021                                                
 Jun. 30 2021  0.56        0.52       0.91      Beat    76.1​
 Mar. 31 2021  -0.66       -0.66      -1.45     Missed  -120.8
 Dec. 31 2020  0.49        0.49       0.17      Missed  -65.3
 This summary was machine generated February 14 at 16:32 GMT. 
All figures in US dollars  unless otherwise stated