Granite Construction Incorporated Common Stock (GVA)
88.14
-1.04 (-1.17%)
Granite Construction Incorporated is a leading construction and engineering company that specializes in infrastructure projects, including highways, bridges, and heavy civil engineering works
The company offers a wide range of services that encompass all aspects of construction, from planning and design to execution and maintenance. In addition to its construction capabilities, Granite is also engaged in the production and supply of construction materials, ensuring quality and efficiency in project delivery. With a strong focus on safety and sustainability, Granite Construction plays a vital role in building and maintaining essential infrastructure across various regions, contributing to the development of communities and economic growth.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Granite Construction (NYSEGVA) and the best and worst performers in the construction and maintenance services industry.
What a fantastic six months it’s been for Granite Construction. Shares of the company have skyrocketed 46%, hitting $91.78. This performance may have investors wondering how to approach the situation.
Let’s dig into the relative performance of WillScot Mobile Mini (NASDAQWSC) and its peers as we unravel the now-completed Q3 construction and maintenance services earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction and maintenance services stocks, including MYR Group (NASDAQMYRG) and its peers.
Construction and construction materials company Granite Construction (NYSEGVA) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 14.2% year on year to $1.28 billion. The company’s full-year revenue guidance of $3.95 billion at the midpoint also came in 1.5% below analysts’ estimates. Its non-GAAP profit of $2.05 per share was 16.8% below analysts’ consensus estimates.
Construction and construction materials company Granite Construction (NYSEGVA)
will be reporting earnings tomorrow before market hours. Here’s what to expect.
I hope you all had a meaningful MLK holiday. A look at early morning futures action shows that the market is slightly unnerved. There certainly are enough reasons.
Gainers SciSparc Ltd. (NASDAQSPRC) shares climbed 80% to $6.14 after the company announced it received notice of acceptance from the Australian patent office for its patent application for Combination of Opioids and N-Acylethanolamines for pain treatment.
Unprecedented supply-chain issues, a tight labor market, as well as rising costs, are all taking a toll on the heavy construction industry. Despite this, these four companies in the space have been navigating the headwinds and are set to benefit.
