Granite Construction: Q3 Earnings Insights

Granite Construction GVA reported its Q3 earnings results on Thursday, October 27, 2022 at 06:45 AM.

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

Earnings

Granite Construction beat estimated earnings by 51.61%, reporting an EPS of $1.41 versus an estimate of $0.93.

Revenue was down $52.19 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.24 which was followed by a 0.2% drop in the share price the next day.

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

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.62 -0.14 0.36 0.96
EPS Actual 0.38 -0.28 0.05 0.93
Revenue Estimate 819.76M 542.66M 960.70M 1.14B
Revenue Actual 768.29M 547.59M 805.70M 1.06B

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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GVAGranite Construction Inc
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