Granite Construction (NYSE: GVA) is expected to report Q1 earnings on May 9. Here's what Wall Street wants to see:

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.

Revenue details
 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.

EPS details
 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.

Recent performance
 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.

Looking ahead

The full year's average estimate for revenue is $2.49 billion. The average EPS estimate is $1.55.

Investor sentiment
 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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