$0.67 Earnings Per Share Expected for Granite Real Estate (GRP.U) This Quarter
Wall Street brokerages expect that Granite Real Estate (NASDAQ:GRP.U) (TSE:GRT.UN) will report earnings of $0.67 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Granite Real Estate’s earnings. Granite Real Estate reported earnings of $2.45 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 72.7%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that Granite Real Estate will report full-year earnings of $2.70 per share for the current year. For the next financial year, analysts anticipate that the company will post earnings of $2.85 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Granite Real Estate.
Separately, Zacks Investment Research upgraded Granite Real Estate from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th.
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The business also recently announced a dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.173 per share. The ex-dividend date is Monday, October 30th.
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