Earnings Outlook For Granite Construction
Portfolio Pulse from Benzinga Insights
Granite Construction (NYSE:GVA) is set to release its quarterly earnings report on October 31, 2024. Analysts expect an EPS of $2.36. The company has a consensus 'Sell' rating with a one-year price target indicating a potential downside. Granite's revenue growth is notable, but it faces challenges in profitability and debt management.
October 30, 2024 | 6:02 pm
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Granite Construction is expected to report an EPS of $2.36. The company has a 'Sell' rating with a potential 20.63% downside. Despite strong revenue growth, it faces challenges in profitability and debt management.
The 'Sell' rating and potential downside indicate negative sentiment. Despite strong revenue growth, challenges in profitability and high debt levels could negatively impact the stock price. The upcoming earnings report is crucial for short-term price movements.
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