Granite Construction (NYSE: GVA) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Granite Construction missed estimates on revenues and earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share contracted significantly.

Gross margins increased, operating margins grew, and net margins dropped.

Revenue details
Granite Construction notched revenue of $539.6 million. The seven analysts polled by S&P Capital IQ expected to see a top line of $566.1 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $484.7 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.10. The four earnings estimates compiled by S&P Capital IQ forecast $0.36 per share. GAAP EPS of $0.05 for Q2 were 62% lower than the prior-year quarter's $0.13 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 9.6%, 30 basis points better than the prior-year quarter. Operating margin was 2.1%, 80 basis points better than the prior-year quarter. Net margin was 0.4%, 60 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $818.6 million. On the bottom line, the average EPS estimate is $0.95.

Next year's average estimate for revenue is $2.30 billion. The average EPS estimate is $1.49.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 222 members out of 244 rating the stock outperform, and 22 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Granite Construction a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Granite Construction is hold, with an average price target of $28.45.

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