Company earnings numbers are typically highly analyzed by investors and analysts alike. Earnings are important because they can provide insight into a companys profitability. Sell-side Street analysts are expecting Granite Construction Incorporated (NYSE:GVA) to post quarterly EPS of $-0.18. The company is next scheduled to release earnings on or around 2017-05-05 for the period ending 2017-03-31.
Whether a company misses or beats analyst estimates, the earnings report may guide short-term stock price movemments. Investors may also take note of the directional trend of estimates before a companys earnings report. Granite Construction Incorporated (NYSE:GVA) most recently posted actual quarterly EPS of $0.4 compared to the Zacks Research consensus estimate of $0.53. The resulting difference was $-0.13 creating a surprise factor of -24.53%. 7 brokerage firms are currently covering Granite Construction Incorporated. These analysts polled by Zacks Research currently have a mean target price of $61.714 on the stock. The highest target is currently $70 and the most conservative target sees the stock hitting $50 within the year. In looking at the standard deviation of all estimates, we arrive at 8.014.
Zacks Research uses an analyst ratings scale from 1 to 5. On this scale, a 1 would represent a Strong Buy, and a 5 rating would signal a Strong Sell recommendation. Combining all the recommendations on Granite Construction Incorporated (NYSE:GVA), the mean currently stands at 1.29. Breaking those down we see that the ratings are as follows: 6 Strong Buy, 0 Rated Buy, 1 Rated Hold and 0 Rated Sell.
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