Granite Construction Incorporated Earnings: Your Sneak Peek to the Big Announcement

Granite Construction Incorporated (NYSE:GVA) will report earnings before markets open on Thursday, May 9th. Granite Construction Incorporated is a heavy civil construction and transportation contractor serving both public and private sector clients. The Company concentrates on infrastructure projects including the construction of roads, bridges, dams, tunnels, mass transit facilities, and airports. Granite also performs site preparation services for the private sector.

Here is your Cheat Sheet to Granite Construction Incorporated Earnings:

Earnings Expectations: Analysts expect earnings of $-0.21 per share on revenues of $353.93 million. Currently, the company’s P/E ratio stands at 23.97.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.47 to a profit $0.45. For the current year, the average estimate is a profit of $1.72, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Granite Construction Incorporated has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,674 1,963 1,763 2,010 2,083
Diluted EPS ($) 3.18 1.90 -1.56 1.31 1.15

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 539.55 310.16 539.62 728.48 504.78
Diluted EPS ($) 0.4858 -0.31 0.05 0.94 0.4581

Past Performance:
Granite Construction Incorporated has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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