• Granite Construction Inc GVA.N reported quarterly adjusted earnings of $2.05​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.69. The mean expectation of three analysts for the quarter was for earnings of $2.47 per share. Wall Street expected results to range from $2.42 to $2.51 per share.

• Revenue rose 14.2% to $1.28 billion from a year ago; analysts expected $1.29 billion.

• Granite Construction Inc's reported EPS for the quarter was $1.57​.

• The company reported quarterly net income of $78.95 million.

• Granite Construction Inc shares had risen by 3.5% this quarter and gained 61.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the construction & engineering peer group is also "hold"

Wall Street's median 12-month price target for Granite Construction Inc is 100.00

This summary was machine generated from LSEG data November 1 at 03:39 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)