Granite Construction is expected to report Q3 2026 revenue of $1.70 billion and adjusted earnings of $3.21 per share, while the stock currently trades near $110.48 with a consensus price target of $158.50.
Investors are primarily focused on the execution and conversion of the company’s record $7.4 billion Committed and Awarded Projects (CAP) backlog into profitable results. Recent performance has been driven by strong demand from federal infrastructure projects and strategic acquisitions. However, analysts are closely monitoring for a recovery in Materials segment gross margins after profitability was hampered by severe weather and development costs in previous quarters.