Granite Construction Future Growth
Future criteria checks 3/6
Granite Construction is forecast to grow earnings and revenue by 41.7% and 6% per annum respectively while EPS is expected to grow by 38% per annum.
Key information
41.7%
Earnings growth rate
38.0%
EPS growth rate
| Construction earnings growth | 27.4% |
| Revenue growth rate | 6.0% |
| Future return on equity | n/a |
| Analyst coverage | Low |
| Last updated | 01 Nov 2024 |
Recent future growth updates
Recent updates
There's Been No Shortage Of Growth Recently For Granite Construction's (NYSE:GVA) Returns On Capital
Dec 18
Are Investors Undervaluing Granite Construction Incorporated (NYSE:GVA) By 41%?
Nov 22Granite Construction: Infrastructure Spending And An Upgraded Business Model
Nov 15The Strong Earnings Posted By Granite Construction (NYSE:GVA) Are A Good Indication Of The Strength Of The Business
Nov 07Granite Construction: Still Cruising Higher
Oct 28Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?
Oct 05We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Sep 18Investors Interested In Granite Construction Incorporated's (NYSE:GVA) Earnings
Sep 04Granite Construction (NYSE:GVA) Is Experiencing Growth In Returns On Capital
Aug 22Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 47% Undervaluation?
Jul 29Granite Construction (NYSE:GVA) Is Paying Out A Dividend Of $0.13
Jun 16At US$61.29, Is It Time To Put Granite Construction Incorporated (NYSE:GVA) On Your Watch List?
Jun 04These 4 Measures Indicate That Granite Construction (NYSE:GVA) Is Using Debt Reasonably Well
May 03With Granite Construction Incorporated (NYSE:GVA) It Looks Like You'll Get What You Pay For
Apr 13Granite Construction: Expect Higher Margins And Tailwinds To Spur Stock
Jan 17Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 38% Undervaluation?
Dec 20Granite Construction (NYSE:GVA) Has Some Difficulty Using Its Capital Effectively
Nov 16Granite Construction: Cheap Multiples, Mid And Long-Term Economics Not Supportive
Oct 27Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly
Oct 11Granite Construction (NYSE:GVA) Is Due To Pay A Dividend Of $0.13
Sep 17Is Now The Time To Put Granite Construction (NYSE:GVA) On Your Watchlist?
Sep 05Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?
Aug 18Granite Construction: Good Long-Term Growth Prospects At Attractive Valuation
Aug 07Why Granite Construction Incorporated (NYSE:GVA) Could Be Worth Watching
Apr 27Here's Why We Think Granite Construction (NYSE:GVA) Might Deserve Your Attention Today
Apr 06Granite Construction Q4 2022 Earnings Preview
Feb 15Is Granite Construction (NYSE:GVA) Using Too Much Debt?
Jan 27Granite Construction's Outperformance Can Continue
Dec 27Granite Construction bags $174M contract for work on Los Angeles airport runways
Dec 20Granite Construction bags $14M traffic flow improvement project from Caltrans
Dec 06An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued
Dec 06Granite Construction gets $30M contract from US Dept of Homeland Security
Nov 03Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 4,508 | 299 | 330 | 470 | 3 |
| 12/31/2025 | 4,254 | 236 | 230 | 440 | 4 |
| 12/31/2024 | 3,983 | 146 | 215 | 414 | 4 |
| 9/30/2024 | 3,964 | 111 | 293 | 433 | N/A |
| 6/30/2024 | 3,805 | 90 | 197 | 325 | N/A |
| 3/31/2024 | 3,621 | 36 | 157 | 284 | N/A |
| 12/31/2023 | 3,509 | 44 | 43 | 184 | N/A |
| 9/30/2023 | 3,365 | 40 | -28 | 104 | N/A |
| 6/30/2023 | 3,257 | 51 | -88 | 40 | N/A |
| 3/31/2023 | 3,207 | 87 | -102 | 29 | N/A |
| 12/31/2022 | 3,301 | 83 | -66 | 56 | N/A |
| 9/30/2022 | 3,318 | 48 | -172 | -53 | N/A |
| 6/30/2022 | 3,371 | 14 | -172 | -50 | N/A |
| 3/31/2022 | 3,589 | 47 | -174 | -66 | N/A |
| 12/31/2021 | 3,502 | 10 | -73 | 22 | N/A |
| 9/30/2021 | 3,208 | 196 | 98 | 190 | N/A |
| 6/30/2021 | 3,211 | 70 | 138 | 225 | N/A |
| 3/31/2021 | 3,059 | 21 | 236 | 327 | N/A |
| 12/31/2020 | 3,562 | -145 | 175 | 268 | N/A |
| 9/30/2020 | 3,502 | -173 | 178 | 277 | N/A |
| 6/30/2020 | 3,549 | -35 | 113 | 217 | N/A |
| 3/31/2020 | 3,500 | -63 | 28 | 128 | N/A |
| 12/31/2019 | 2,915 | -31 | 5 | 111 | N/A |
| 9/30/2019 | 3,421 | -76 | -63 | 45 | N/A |
| 6/30/2019 | 3,364 | -66 | -61 | 68 | N/A |
| 3/31/2019 | 3,305 | -50 | -36 | 88 | N/A |
| 12/31/2018 | 3,287 | 1 | -25 | 86 | N/A |
| 9/30/2018 | 3,227 | 69 | -1 | 96 | N/A |
| 6/30/2018 | 3,129 | 59 | N/A | 48 | N/A |
| 3/31/2018 | 3,085 | 81 | N/A | 95 | N/A |
| 12/31/2017 | 2,958 | 34 | N/A | 146 | N/A |
| 9/30/2017 | 2,855 | 52 | N/A | 157 | N/A |
| 6/30/2017 | 2,702 | 44 | N/A | 149 | N/A |
| 3/31/2017 | 2,544 | 44 | N/A | 97 | N/A |
| 12/31/2016 | 2,515 | 57 | N/A | 73 | N/A |
| 9/30/2016 | 2,478 | 70 | N/A | 56 | N/A |
| 6/30/2016 | 2,426 | 63 | N/A | 71 | N/A |
| 3/31/2016 | 2,390 | 59 | N/A | 63 | N/A |
| 12/31/2015 | 2,371 | 60 | N/A | 67 | N/A |
| 9/30/2015 | 2,331 | 49 | N/A | 82 | N/A |
| 6/30/2015 | 2,299 | 33 | N/A | 59 | N/A |
| 3/31/2015 | 2,316 | 37 | N/A | 56 | N/A |
| 12/31/2014 | 2,275 | 25 | N/A | 43 | N/A |
| 9/30/2014 | 2,284 | -21 | N/A | 23 | N/A |
| 6/30/2014 | 2,304 | -23 | N/A | -15 | N/A |
| 3/31/2014 | 2,268 | -35 | N/A | 40 | N/A |
| 12/31/2013 | 2,267 | -36 | N/A | 5 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GVA's forecast earnings growth (41.7% per year) is above the savings rate (2.6%).
Earnings vs Market: GVA's earnings (41.7% per year) are forecast to grow faster than the US market (15.2% per year).
High Growth Earnings: GVA's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GVA's revenue (6% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: GVA's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GVA's Return on Equity is forecast to be high in 3 years time
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:05 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
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Analyst Sources
Granite Construction Incorporated is covered by 28 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adam Thalhimer | BB&T Capital Markets |
| Avram Fisher | BMO Capital Markets U.S. (Historical) |
| Alexander Rygiel | B. Riley Securities, Inc. |