Granite Real Estate Inc. Staple (NYSE:GRP.U) Expected to Announce Earnings of $0.83 Per Share

Wall Street analysts expect Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Rating) to post earnings per share (EPS) of $0.83 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Granite Real Estate Inc. Staple’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.83. Granite Real Estate Inc. Staple posted earnings per share of $0.73 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Granite Real Estate Inc. Staple will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.39 to $3.47. For the next fiscal year, analysts forecast that the company will post earnings of $3.77 per share, with EPS estimates ranging from $3.75 to $3.78. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Granite Real Estate Inc. Staple.

Separately, StockNews.com downgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th.

NYSE:GRP.U opened at $76.98 on Monday.

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