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

Granite Construction Incorporated

16/02/2023 17:31

* Granite Construction Inc  GVA.N  reported quarterly
adjusted
earnings of 56 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for earnings of 34 cents per share.
    * Revenue rose 15.5% to $789.21 million from a year ago;
analysts
expected $728.32 million. 
    * Granite Construction Inc's reported EPS for the quarter
was 46
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Granite Construction Inc shares had risen by 17.6% this
quarter.
    * Wall Street's median 12-month price target for Granite
Construction Inc is $47.00 
    * 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." 

This summary was machine generated from Refinitiv data February
16 at 05:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.34           0.56           Beat
 Sep. 30 2022      0.93           1.41           Beat
 Jun. 30 2022      0.62           0.38           Missed
 Mar. 31 2022      -0.15          -0.29          Missed