Earnings Outlook For Granite Construction

Granite Construction (NYSE:GVA) will release its quarterly earnings report on Thursday, 2024-10-31. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Granite Construction to report an earnings per share (EPS) of $2.36.

The announcement from Granite Construction is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

Last quarter the company beat EPS by $0.34, which was followed by a 0.19% increase in the share price the next day.

Here's a look at Granite Construction's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.39

-0.35

0.88

1.45

EPS Actual

1.73

-0.21

0.82

1.69

Price Change %

0.0%

4.0%

-4.0%

7.000000000000001%

Analyst Observations about Granite Construction

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Granite Construction.

The consensus rating for Granite Construction is Sell, derived from 2 analyst ratings. An average one-year price target of $65.5 implies a potential 20.63% downside.

Analyzing Ratings Among Peers

The following analysis focuses on the analyst ratings and average 1-year price targets of Primoris Services, Construction Partners and Arcosa, three prominent industry players, providing insights into their relative performance expectations and market positioning.

The consensus outlook ...