$0.62 Earnings Per Share Expected for Granite Real Estate (GRP.U) This Quarter
Wall Street brokerages expect Granite Real Estate (NASDAQ:GRP.U) (TSE:GRT.UN) to report $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Granite Real Estate’s earnings. Granite Real Estate posted earnings of $0.66 per share in the same quarter last year, which would indicate a negative year over year growth rate of 6.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.
According to Zacks, analysts expect that Granite Real Estate will report full-year earnings of $2.48 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $2.53 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Granite Real Estate.
Separately, Zacks Investment Research raised shares of Granite Real Estate from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th.
The company also recently declared a dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a dividend of $0.159 per share. The ex-dividend date of this dividend is Monday, May 29th.
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