The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Granite Construction's revenues will increase 13.6% and EPS will remain in the red.
The average estimate for revenue is $352.3 million. On the bottom line, the average EPS estimate is -$0.24.
Last quarter, Granite Construction chalked up revenue of $504.8 million. GAAP reported sales were 6.4% lower than the prior-year quarter's $539.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.48. GAAP EPS of $0.46 for Q4 were 4.2% lower than the prior-year quarter's $0.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 11.3%, 340 basis points worse than the prior-year quarter. Operating margin was 0.6%, 650 basis points worse than the prior-year quarter. Net margin was 3.6%, 10 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.49 billion. The average EPS estimate is $1.55.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 212 members out of 233 rating the stock outperform, and 21 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Granite Construction a green thumbs-up, and nine 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 $32.57.
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