Granite Construction Eyes 10.5% Revenue Growth Ahead of Q1 Earnings, Analysts See $153 Price Target
Analysts expect Granite Construction's Q1 revenue to grow 10.5% year-over-year, building on a 19.2% increase last quarter, with an average price target of $153.25.
TL;DR
Granite Construction expects Q1 revenue to rise 10.5% year-over-year, building on a prior quarter where sales jumped 19.2% to $1.17 billion. Analysts have set an average price target of $153.25, about 23% above the current share price.
Context Granite Construction (NYSE:GVA) will report its first‑quarter results this Thursday. The firm beat revenue estimates in the last quarter, posting $1.17 billion, a 19.2% increase year‑over‑year. Over the past month its stock has gained 7.2%, while the broader construction and engineering group rose about 14% on average.
Key Facts - Last quarter revenue: $1.17 billion, up 19.2% YoY, exceeding analyst expectations. - Q1 revenue forecast: 10.5% YoY growth, up from a 4.1% increase in the same quarter last year. - Stock performance: 7.2% rise over the past month; average analyst price target $153.25 versus today’s $124.94.
What It Means The projected acceleration in revenue growth suggests the company is benefiting from stronger demand in its construction and materials segments. If the Q1 results meet or exceed the 10.5% forecast, it could reinforce confidence in the firm’s full‑year guidance. Investors will watch the actual earnings release, any updates to operating margins, and management’s outlook for the remainder of the year.
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