, Will stock surge before Earnings results? Granite Construction Inc. (NYSE:GVA)

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Earnings results for Granite Construction Inc. (NYSE:GVA)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMar 2020 , the consensus EPS* forecast has remained the same over the past week at -0.69 and remained the same over the past month at -0.69. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.68 and remained the same over the past month at 1.68 . none raised and none lowered their forecast.

Analyst Opinion on Granite Construction Inc. (NYSE:GVA)

3 Wall Street analysts have issued ratings and price targets for Granite Construction in the last 12 months. Their average twelve-month price target is $20.00, suggesting that the stock has a possible upside of 7.82%. The high price target for GVA is $30.00 and the low price target for GVA is $10.00. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Granite Construction has received a consensus rating of Hold. The company’s average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $20.00, Granite Construction has a potential upside of 7.8% from its current price of $18.55. Granite Construction has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Granite Construction Inc. (NYSE:GVA)

Granite Construction pays a meaningful dividend of 2.92%, higher than the bottom 25% of all stocks that pay dividends. Granite Construction does not have a long track record of dividend growth.

Insiders buying/selling: Granite Construction Inc. (NYSE:GVA)

In the past three months, Granite Construction insiders have not sold or bought any company stock. Only 1.00% of the stock of Granite Construction is held by insiders.

Earnings and Valuation of Granite Construction Inc. (NYSE:GVA

Earnings for Granite Construction are expected to decrease by -100.00% in the coming year, from $1.68 to $0.00 per share. The P/E ratio of Granite Construction is -8.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Granite Construction is -8.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Granite Construction has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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