Recap: Granite Construction Q2 Earnings

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Granite Construction GVA reported its Q2 earnings results on Thursday, July 28, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Earnings

Granite Construction missed estimated earnings by 38.71%, reporting an EPS of $0.38 versus an estimate of $0.62.

Revenue was down $195.89 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.14 which was followed by a 0.84% drop in the share price the next day.

Here's a look at Granite Construction's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.14 0.36 0.96 0.52
EPS Actual -0.28 0.05 0.93 0.91
Revenue Estimate 542.66M 960.70M 1.14B 962.67M
Revenue Actual 547.59M 805.70M 1.06B 964.17M

To track all earnings releases for Granite Construction visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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