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

Granite Construction Incorporated

02/05/2023 17:31

* Granite Construction Inc  GVA.N  reported a quarterly
adjusted
loss of 41 cents​​ per share for the quarter ended in March. The
mean expectation of four analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue rose 2.3% to $560.07 million from a year ago;
analysts
expected $654.35 million. 
    * Granite Construction Inc's reported EPS for the quarter
was a
loss of 53 cents​.
    * The mean earnings estimate of analysts had risen by
about 152.6%
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 fallen by 6.8% this
quarter and gained 9.1% so far this year.
    * 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 May
2 at 04:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.03           -0.41          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