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

Granite Construction Incorporated

31/10/2023 16:30

* Granite Construction Inc  GVA.N  reported quarterly
adjusted
earnings of $1.69​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of $1.45 per share.
    * Revenue rose 10.6% to $1.12 billion from a year ago;
analysts
expected $1.08 billion. 
    * Granite Construction Inc's reported EPS for the quarter
was
$1.13​.
    * 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. 
    * Granite Construction Inc shares had fallen by 9.8% this
quarter and lost 2.2% so far this year.
    * The company reported quarterly net income of $57.62
million.
    * Wall Street's median 12-month price target for Granite
Construction Inc is $53.00 
    * 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
October 31 at 04:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.45           1.69           Beat
 Jun. 30 2023      0.99           1.03           Beat
 Mar. 31 2023      0.03           -0.41          Missed
 Dec. 31 2022      0.34           0.56           Beat