Granite Construction Inc reports results for the quarter ended December 31 - Earnings Summary

Granite Construction Incorporated

13/02/2025 17:31

* Granite Construction Inc  GVA.N  reported quarterly
adjusted
earnings of $1.23​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 82 cents.  The mean expectation of
three analysts for the quarter was for earnings of $1.27 per
share. Wall Street expected results to range from $1.05 
to $1.42 per share.
    * Revenue rose 4.7% to $977.30 million from a year ago;
analysts
expected $949.86 million. 
    * Granite Construction Inc's reported EPS for the quarter
was 84
cents​.
    * The company reported quarterly net income of $41.48
million.
    * Granite Construction Inc shares had fallen by 1.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "hold"

Wall Street's median 12-month price target for Granite
Construction Inc is $101.50 
This summary was machine generated from LSEG data February 13 at
05:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.27           1.23           Missed
 Sep. 30 2024      2.47           2.05           Missed
 Jun. 30 2024      1.39           0.97           Missed
 Mar. 31 2024      -0.35          -0.21          Beat