Granite Construction Incorporated (GVA)
NYSE: GVA · IEX Real-Time Price · USD
62.35
+0.24 (0.39%)
Jun 25, 2024, 2:09 PM EDT - Market open

Granite Construction Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for GVA stock have an average target of 57, with a low estimate of 50 and a high estimate of 64. The average target predicts a decrease of -8.57% from the current stock price of 62.35.

Analyst Consensus: Hold
Target Low Average Median High
Price $50 $57 $64 $64
Change -19.80% -8.57% +2.65% +2.65%
* Price targets were last updated on Apr 16, 2024.

Analyst Ratings

The average analyst rating for GVA stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 011111
Buy 000000
Hold 000000
Sell 000000
Strong Sell 100111
Total 111222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Goldman Sachs
Goldman Sachs
Strong Sell
Maintains
$44$50
Strong Sell Maintains $44$50 -19.80% Apr 16, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$64
Strong Buy Maintains $64 +2.65% Mar 11, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$60$64
Strong Buy Maintains $60$64 +2.65% Feb 27, 2024
Goldman Sachs
Goldman Sachs
Strong Sell
Maintains
$32$36
Strong Sell Maintains $32$36 -42.26% Feb 21, 2023
Goldman Sachs
Goldman Sachs
Strong Sell
Maintains
$32$28
Strong Sell Maintains $32$28 -55.09% Oct 14, 2022
More Analyst Ratings

Financial Forecast

Revenue This Year
3.94B
from 3.51B
Increased by 12.36%
Revenue Next Year
4.20B
from 3.94B
Increased by 6.47%
EPS This Year
4.53
from 0.97
Increased by 367.52%
EPS Next Year
5.14
from 4.53
Increased by 13.31%
Year 20192020202120222023202420252026
Revenue
2.91B3.56B3.50B3.30B3.51B3.94B4.20B4.37B
Revenue Growth
-11.32%22.22%-1.70%-5.73%6.30%12.36%6.47%4.14%
EPS
-1.29-3.180.211.700.974.535.145.02
EPS Growth
---709.52%-42.94%367.52%13.31%-2.31%
Forward PE
-----13.7512.1312.42
No. Analysts -----662
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 4.1B 4.4B 4.5B
Avg 3.9B 4.2B 4.4B
Low 3.8B 4.0B 4.2B

Revenue Growth

Revenue Growth 202420252026
High
17.5%
11.7%
8.3%
Avg
12.4%
6.5%
4.1%
Low
8.3%
2.5%
1.0%

EPS Forecast

EPS 202420252026
High 5.00 5.80 5.22
Avg 4.53 5.14 5.02
Low 4.12 4.49 4.87

EPS Growth

EPS Growth 202420252026
High
415.3%
27.8%
1.6%
Avg
367.5%
13.3%
-2.3%
Low
324.3%
-1.0%
-5.2%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.