$79.11
0.21% today
NYSE, Oct 01, 06:10 pm CET
ISIN
US3873281071
Symbol
GVA

Granite Construction Incorporated Target price 2024 - Analyst rating & recommendation

Granite Construction Incorporated Classifications & Recommendation:

Buy
67%
Sell
33%

Granite Construction Incorporated Price Target

Target Price $76.50
Price $79.28
Deviation
Number of Estimates 4
4 Analysts have issued a price target Granite Construction Incorporated 2025 . The average Granite Construction Incorporated target price is $76.50. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 3 analysts: 2 Analysts recommend Granite Construction Incorporated to buy, 0 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Granite Construction Incorporated stock has an average upside potential 2025 of . Most analysts recommend the Granite Construction Incorporated stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 3.51 3.98
6.30% 13.41%
EBITDA Margin 4.10% 10.48%
24.51% 155.41%
Net Margin 1.03% 3.86%
50.89% 273.53%

4 Analysts have issued a sales forecast Granite Construction Incorporated 2024 . The average Granite Construction Incorporated sales estimate is

$4.0b
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. This is
4.58% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$4.0b 5.24%
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, the lowest is
$4.0b 3.96%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $3.5b 6.30%
2024
$4.0b 13.41%
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2025
$4.2b 6.71%
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2026
$4.4b 2.70%
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4 Analysts have issued an Granite Construction Incorporated EBITDA forecast 2024. The average Granite Construction Incorporated EBITDA estimate is

$417m
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. This is
88.51% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$435m 96.64%
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, the lowest is
$392m 77.23%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $144m 19.76%
2024
$417m 189.57%
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2025
$456m 9.37%
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2026
$430m 5.65%
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EBITDA Margin

2023 4.10% 24.51%
2024
10.48% 155.41%
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2025
10.74% 2.48%
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2026
9.87% 8.10%
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3 Granite Construction Incorporated Analysts have issued a net profit forecast 2024. The average Granite Construction Incorporated net profit estimate is

$154m
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. This is
125.42% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$167m 144.88%
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, the lowest is
$146m 114.74%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $36.3m 47.80%
2024
$154m 323.69%
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2025
$222m 44.27%
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2026
$229m 3.48%
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Net Margin

2023 1.03% 50.89%
2024
3.86% 273.53%
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2025
5.22% 35.23%
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2026
5.26% 0.77%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.83 3.52
47.80% 324.10%
P/E 22.54
EV/Sales 1.00

3 Analysts have issued a Granite Construction Incorporated forecast for earnings per share. The average Granite Construction Incorporated <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.52
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. This is
125.64% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$3.82 144.87%
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, the lowest is
$3.35 114.74%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.83 47.80%
2024
$3.52 324.10%
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2025
$5.07 44.03%
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2026
$5.25 3.55%
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P/E ratio

Current 50.98 24.74%
2024
22.54 55.79%
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2025
15.63 30.66%
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2026
15.10 3.39%
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Based on analysts' sales estimates for 2024, the Granite Construction Incorporated stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.04 70.49%
2024
1.00 4.27%
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2025
0.93 6.29%
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2026
0.91 2.63%
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P/S ratio

Current 0.91 77.57%
2024
0.87 4.38%
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2025
0.82 6.29%
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2026
0.79 2.62%
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