Granite Construction (NYSE: GVA) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Granite Construction's revenues will increase 16.8% and EPS will grow 176.9%.
The average estimate for revenue is $566.1 million. On the bottom line, the average EPS estimate is $0.36.
Revenue details
Last quarter, Granite Construction booked revenue of $310.2 million. GAAP reported sales were 21% higher than the prior-year quarter's $256.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at -$0.34. GAAP EPS were -$0.31 for Q1 versus -$0.24 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 8.0%, 370 basis points worse than the prior-year quarter. Operating margin was -6.5%, 130 basis points worse than the prior-year quarter. Net margin was -3.8%, 30 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.31 billion. The average EPS estimate is $1.54.
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 $29.80.
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