Granite Construction Future Growth
Future criteria checks 4/6
Granite Construction is forecast to grow earnings and revenue by 59.6% and 7.6% per annum respectively. EPS is expected to grow by 40.2% per annum. Return on equity is forecast to be 28.8% in 3 years.
Key information
59.6%
Earnings growth rate
40.2%
EPS growth rate
| Construction earnings growth | 24.9% |
| Revenue growth rate | 7.6% |
| Future return on equity | 28.8% |
| Analyst coverage | Low |
| Last updated | 16 Apr 2024 |
Recent future growth updates
Recent updates
With Granite Construction Incorporated (NYSE:GVA) It Looks Like You'll Get What You Pay For
Apr 13
Granite 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 03Granite bags $33M street improvement project in California
Oct 25Granite gets ~$11M construction award for a bikeway in California
Oct 11Here's Why Granite Construction (NYSE:GVA) Has A Meaningful Debt Burden
Oct 07Granite Construction: Recent Correction Is A Buying Opportunity
Oct 05Granite Construction (NYSE:GVA) Has Affirmed Its Dividend Of $0.13
Sep 19Granite gets ~$20M contract award to reconstruct a taxiway at the Tucson airport
Sep 13Catalyst: Granite Construction And $550 Billion In Infrastructure Spending
Aug 31Granite Construction gets $40M contract for improvements to SH 288
Jul 26What Is Granite Construction Incorporated's (NYSE:GVA) Share Price Doing?
Jul 21Granite bags $55M improvement contract for Alaskan Roadway
Jul 06Granite Construction (NYSE:GVA) Has Re-Affirmed Its Dividend Of US$0.13
Jun 28Granite Construction Is A Good Buy At The Current Levels
May 31We Think Granite Construction (NYSE:GVA) Is Taking Some Risk With Its Debt
May 28Estimating The Fair Value Of Granite Construction Incorporated (NYSE:GVA)
May 02Granite Construction (NYSE:GVA) Will Pay A Dividend Of US$0.13
Feb 27We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Feb 23Is Granite Construction Incorporated (NYSE:GVA) Trading At A 40% Discount?
Jan 21Shareholders Will Be Pleased With The Quality of Granite Construction's (NYSE:GVA) Earnings
Nov 04Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 4,318 | N/A | N/A | N/A | 1 |
| 12/31/2025 | 4,159 | 229 | 211 | 354 | 5 |
| 12/31/2024 | 3,881 | 193 | 137 | 275 | 5 |
| 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 | -19 | 48 | N/A |
| 3/31/2018 | 3,085 | 81 | 33 | 95 | N/A |
| 12/31/2017 | 2,958 | 34 | 79 | 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 |
| 9/30/2013 | 2,174 | 10 | N/A | 7 | N/A |
| 6/30/2013 | 2,162 | 34 | N/A | 75 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GVA's forecast earnings growth (59.6% per year) is above the savings rate (2.3%).
Earnings vs Market: GVA's earnings (59.6% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: GVA's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GVA's revenue (7.6% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: GVA's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GVA's Return on Equity is forecast to be high in 3 years time (28.8%)