Granite Construction Q3 2024 Adj. EPS $2.05 Misses $2.47 Estimate, Sales $1.276B Miss $1.287B Estimate
Portfolio Pulse from Benzinga Newsdesk
Granite Construction reported Q3 2024 earnings of $2.05 per share, missing the analyst estimate of $2.47. Sales were $1.276 billion, slightly below the $1.287 billion estimate. Despite missing estimates, both earnings and sales showed significant year-over-year growth.
October 31, 2024 | 10:52 am
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Granite Construction's Q3 2024 earnings and sales missed analyst estimates, with EPS at $2.05 vs. $2.47 expected and sales at $1.276B vs. $1.287B expected. Despite the miss, both figures showed strong year-over-year growth.
The earnings and sales figures both missed analyst expectations, which is typically viewed negatively by the market, potentially leading to a short-term decline in stock price. However, the strong year-over-year growth in both earnings and sales may mitigate some negative sentiment.
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IMPORTANCE 80
RELEVANCE 100