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

Granite Construction Incorporated

27/07/2023 17:31

* Granite Construction Inc  GVA.N  reported quarterly
adjusted
earnings of $1.03​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was
for earnings of 99 cents per share.
    * Revenue rose 17% to $898.55 million from a year ago;
analysts
expected $924.09 million. 
    * Granite Construction Inc's reported EPS for the quarter
was a
loss of 39 cents​.
    * The mean earnings estimate of analysts had risen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Granite Construction Inc shares had risen by 9.3% this
quarter and gained 24.0% so far this year.
    * The company reported a quarterly loss of $17 million.
    * Wall Street's median 12-month price target for Granite
Construction Inc is $55.00 
    * 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 LSEG Refinitiv data July
27 at 04:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.99           1.03           Beat
 Mar. 31 2023      0.03           -0.41          Missed
 Dec. 31 2022      0.34           0.56           Beat
 Sep. 30 2022      0.93           1.41           Beat