Construction and construction materials company Granite Construction (NYSE: GVA) will be reporting earnings this Thursday before market open. Here’s what to look for.

Granite Construction missed analysts’ revenue expectations by 3% last quarter, reporting revenues of $1.13 billion, up 4% year on year. It was a strong quarter for the company, with full-year revenue guidance exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

Is Granite Construction a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Granite Construction’s revenue to grow 17.7% year on year to $1.50 billion, improving from the 14.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.50 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Granite Construction has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Granite Construction’s peers in the construction and maintenance services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Primoris delivered year-on-year revenue growth of 32.1%, beating analysts’ expectations by 17.7%, and Comfort Systems reported revenues up 35.2%, topping estimates by 13.2%. Primoris traded down 10.6% following the results while Comfort Systems was up 18.9%.

Read our full analysis of Primoris’s results here and Comfort Systems’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the construction and maintenance services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Granite Construction is down 5.4% during the same time and is heading into earnings with an average analyst price target of $132 (compared to the current share price of $102.40).

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