The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Granite Construction's revenues will expand 23.0% and EPS will grow 210.0%.
The average estimate for revenue is $663.6 million. On the bottom line, the average EPS estimate is $0.31.
Last quarter, Granite Construction booked revenue of $378.7 million. GAAP reported sales were 22% higher than the prior-year quarter's $310.2 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 -$0.58. GAAP EPS were -$0.57 for Q1 compared to -$0.31 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 7.9%, 10 basis points worse than the prior-year quarter. Operating margin was -7.3%, 80 basis points worse than the prior-year quarter. Net margin was -5.8%, 200 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.59 billion. The average EPS estimate is $1.06.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 211 members out of 232 rating the stock outperform, and 21 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Granite Construction a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Granite Construction is outperform, with an average price target of $34.71.
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