There are 7 research brokerage firms in total that have issued ratings on Granite Construction Incorporated (NYSE:GVA) within the past year. The consensus, or mean target price of the Wall Street analysts covering the firm is $55.571.
The most recent revision to the consensus target was on 2016-08-02. Analysts are predicting that Granite Construction Incorporated (NYSE:GVA) will report $0.98 earnings per share when they next issue its quarterly earnings release on or around 2016-11-07.
The consensus mean estimate is the calculated mean of all brokerage sell-side analysts that issue earnings estimates for the company. In the most recent quarter the company reported earnings of $0.35 that ended on 2016-06-30.
Granite Construction Incorporated (NYSE:GVA) has a 1.29 consensus analyst rating on the stock based on an arithmetical average of the 7 ratings given by the brokerage analysts covering the company. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
The highest estimate of the 7 covering analysts sees the stock climbing to $60 within the next year while the lowest estimate places the 12-month target price at $50.
Looking ahead to full year estimates, analysts have placed the consensus earnings per share estimate for the current year at $2.2. The most bullish analyst sees the company reporting earnings per share of $2.37 while the most bearish analyst is predicting a current year EPS number of $1.94.
Looking further ahead to the next three to five years of Granite Construction Incorporated (NYSE:GVA), the long term EPS on a consensus basis is $7, based on the 1 analysts providing longer term projections in their models.
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