Granite Construction Inc expected to post earnings of 99  cents a share - Earnings Preview

Granite Construction Incorporated

25/07/2023 19:58

* Granite Construction Inc  GVA.N   GVA  is expected to show
a
rise in quarterly revenue when it reports  results on July 27. 
    * The Watsonville California-based  company is expected to
report 
a 20.3% increase in revenue to $924.091 million from $768.29
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 99 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 $55​, above​ its last closing price
of $42.99. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.06        0.03       -0.41     Missed  -1,740
 Dec. 31 2023  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.        -0.17       -0.15      -0.29     Missed  -99.5
 31 2022                                                
 Dec. 31 2021  0.31        0.36       -0.29     Missed  -181.1
                                                        ​
 Sep. 30 2021  0.99        0.96       0.73      Missed  -24.2
 Jun. 30 2021  0.56        0.52       0.91      Beat    76.1
 This summary was machine generated July 25 at 18:58 GMT.  All
figures in US dollars  unless otherwise stated