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Great Lakes Dredge & Dock (GLDD) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-07-07 23:16
Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.84, reflecting a -1.82% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.79% [1] - Over the last month, GLDD shares increased by 2.9%, lagging behind the Construction sector's gain of 5.56% and the S&P 500's gain of 5.22% [1] Financial Projections - The upcoming EPS for Great Lakes Dredge & Dock is projected at $0.08, indicating a 27.27% decline compared to the same quarter last year [2] - The consensus estimate for revenue is $174.33 million, which represents a 2.49% increase from the equivalent quarter last year [2] - For the full year, earnings are projected at $0.96 per share and revenue at $816.02 million, showing changes of +14.29% and +6.99% respectively from the previous year [3] Analyst Revisions and Rankings - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are important as they reflect changing business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which evaluates estimated changes, currently ranks Great Lakes Dredge & Dock as 1 (Strong Buy), with 1 stocks historically returning an average annual gain of +25% since 1988 [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.61, which is a discount compared to the industry average of 23.2 [6] - The company has a PEG ratio of 1.05, while the average PEG ratio for the Building Products - Heavy Construction industry is 1.46 [6] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 2, placing it in the top 1% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Here's Why Momentum in Great Lakes Dredge & Dock (GLDD) Should Keep going
ZACKS· 2025-07-07 13:50
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Great Lakes Dredge & Dock (GLDD) is highlighted as a strong candidate for trend investing, having increased by 35.8% over the past 12 weeks, reflecting investor confidence [4]. - GLDD has also shown a price increase of 2.9% over the last four weeks, indicating that the upward trend is still intact [5]. Group 2: Fundamental Strength Indicators - GLDD is currently trading at 84.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - The stock holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6][7]. - The Average Broker Recommendation for GLDD is also 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Additional Insights - The article suggests that the price trend for GLDD is unlikely to reverse soon, and encourages consideration of other stocks that meet the criteria of the "Recent Price Strength" screen [8]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can assist in identifying potential winning stocks [8].
GLDD or DY: Which Is the Better Value Stock Right Now?
ZACKS· 2025-07-04 16:41
Core Insights - Great Lakes Dredge & Dock (GLDD) and Dycom Industries (DY) are both strong candidates for value investors in the Building Products - Heavy Construction sector [1] - Both companies currently hold a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook due to favorable analyst estimate revisions [3] Valuation Metrics - GLDD has a forward P/E ratio of 12.61, while DY has a forward P/E of 26.19, suggesting GLDD may be undervalued compared to DY [5] - The PEG ratio for GLDD is 1.05, indicating a more favorable valuation relative to its expected earnings growth compared to DY's PEG ratio of 1.43 [5] - GLDD's P/B ratio is 1.69, significantly lower than DY's P/B of 5.72, further supporting GLDD's position as a more attractive value option [6] Value Grades - GLDD has received a Value grade of A, while DY has a Value grade of D, highlighting GLDD's superior valuation metrics [6]
Can Great Lakes Dredge & Dock Navigate Offshore Delays?
ZACKS· 2025-07-03 14:16
Core Insights - Great Lakes Dredge & Dock Corporation (GLDD) is facing delays in offshore projects, particularly in the U.S. offshore wind market, due to regulatory, financial, and logistical challenges [1][2] - The company is strategically expanding its offshore wind business internationally, targeting markets in the UK, European Union, and Asia [2][3] - GLDD is diversifying its portfolio by focusing on rock protection projects for critical subsea infrastructure, which helps mitigate risks associated with project delays [3] Financial Performance - GLDD's stock has increased by 48.2% over the past three months, outperforming the broader Zacks Construction sector and the S&P 500 index, but underperforming the Zacks Building Products - Heavy Construction industry [4] - The company's 2025 EPS estimate has risen by 39.1% to $0.96, despite ongoing project delays [7][10] - GLDD's current forward P/E ratio is 12.52X, which is lower than competitors Granite Construction and Jacobs Solutions, suggesting a discounted entry point for investors [8][9] Market Position - Competitors such as Granite Construction and Jacobs Solutions have seen their shares rise by 29.9% and 18.4%, respectively, in the past three months, benefiting from strong public infrastructure trends [5] - GLDD's earnings estimates for 2025 and 2026 have increased by 39.1% and 14.5%, respectively, indicating positive growth prospects [10]
Great Lakes Announces Receipt of Four Dredging Awards including Woodside Louisiana LNG
Globenewswire· 2025-06-30 12:00
HOUSTON, June 30, 2025 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the receipt of four work awards. The awarded work includes: Woodside Louisiana LNG (Capital, Louisiana, amount undisclosed)Galveston Entrance Channel and Houston Ship Channel from Bolivar to Redfish (Maintenance, Texas, $36.2 million)Mississippi River Hopper Dredge Contract No. 3 (Rental, Louisiana, $ ...
Great Lakes Dredge & Dock (GLDD) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-06-24 23:16
Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $12.35, with a gain of +1.65% on the most recent trading day, outperforming the S&P 500's gain of 1.11% [1] - Prior to this trading day, GLDD shares had increased by 11.16%, significantly surpassing the Construction sector's gain of 2.35% and the S&P 500's gain of 3.92% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $0.08, reflecting a 27.27% decline compared to the same quarter last year [2] - Revenue is projected to be $174.33 million, indicating a 2.49% increase compared to the year-ago quarter [2] Full-Year Estimates - Zacks Consensus Estimates forecast earnings of $0.96 per share and revenue of $816.02 million for the full year, representing year-over-year changes of +14.29% and +6.99%, respectively [3] - Recent analyst estimate revisions suggest a positive outlook for the business [3] Valuation Metrics - GLDD is currently trading at a Forward P/E ratio of 12.7, which is lower than the industry's Forward P/E of 20.97, indicating a valuation discount [6] - The company has a PEG ratio of 1.06, compared to the industry average PEG ratio of 1.34 [7] Industry Context - The Building Products - Heavy Construction industry, which includes GLDD, has a Zacks Industry Rank of 3, placing it in the top 2% of over 250 industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8] Investment Rating - GLDD currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual return of +25% for 1 stocks since 1988 [5]
Great Lakes Dredge & Dock (GLDD) Earnings Call Presentation
2025-06-24 15:13
MAY 2025 CONSTRUCTING AND PROTECTING COASTAL AND MARINE INFRASTRUCTURE SUPPORTING THE OFFSHORE ENERGY INDUSTRY TABLE OF CONTENTS COMPANY OVERVIEW FINANCIAL OVERVIEW APPENDIX SAFE HARBOR ABOUT US Forward-Looking Statements This presentation includes "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 or in releases made by the SEC, all as may be amended from time ...
5 Stocks Worth Buying Now on Solid Cash Flow Growth
ZACKS· 2025-06-20 16:36
Core Insights - The article emphasizes the importance of cash flow over mere profitability when evaluating a company's financial health and resilience [1][4][5] - It highlights specific stocks that are recommended for investment based on their cash flow performance and overall financial health [2][9] Cash Flow Importance - Cash is described as the lifeblood of any business, providing flexibility for decision-making, investment opportunities, and growth [3] - Positive cash flow indicates an increase in liquid assets, enabling companies to meet obligations, reinvest, and return wealth to shareholders, while negative cash flow suggests declining liquidity [5] Current Economic Context - The article notes that in light of global economic uncertainties and liquidity concerns, analyzing cash-generating efficiency is particularly relevant [4] Screening Parameters for Stocks - Stocks were screened for those with cash flow in the latest quarter at least equal to the 5-year average cash flow per share, indicating a positive trend [7] - Additional criteria included a Zacks Rank of 1 (Strong Buy), an average broker rating of 1, a current price of at least $5, and a VGM Score of B or better [8] Recommended Stocks - Sumitomo Corporation (SSUMY), IHI Corporation (IHICY), Nomad Foods Limited (NOMD), Great Lakes Dredge & Dock Corporation (GLDD), and Natural Gas Services Group, Inc. (NGS) are highlighted as stocks with rising cash flow above their five-year average [2][9] - Each of these companies has seen upward revisions in EPS estimates, reflecting improving outlooks and strong financial health [9] Company Profiles - **Sumitomo Corporation (SSUMY)**: Engaged in diverse business activities globally, with a 6% improvement in the Zacks Consensus Estimate for fiscal 2026 earnings per share [10][11] - **IHI Corporation (IHICY)**: Focuses on heavy machinery, with a 28.6% increase in the Zacks Consensus Estimate for fiscal 2026 earnings per share [11] - **Nomad Foods (NOMD)**: Specializes in frozen foods, with a 4% upward revision in current-year earnings estimate to $2.07 per share, indicating a 7.3% year-over-year increase [12] - **Great Lakes Dredge & Dock (GLDD)**: The largest provider of dredging services in the U.S., with a 39.1% upward revision in the 2025 earnings estimate to 96 cents per share [13] - **Natural Gas Services Group (NGS)**: Manufactures natural gas compressors, with an 18.6% improvement in the 2025 earnings estimate [14]
GLDD vs. DY: Which Stock Is the Better Value Option?
ZACKS· 2025-06-18 16:41
Investors with an interest in Building Products - Heavy Construction stocks have likely encountered both Great Lakes Dredge & Dock (GLDD) and Dycom Industries (DY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings ...
Great Lakes Dredge & Dock (GLDD) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2025-06-17 23:01
Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.58, reflecting a -1.53% change from the previous day, underperforming the S&P 500's daily loss of 0.84% [1] - Over the past month, GLDD shares have appreciated by 5%, outperforming the Construction sector's loss of 0% and the S&P 500's gain of 1.44% [1] Upcoming Earnings - The company is expected to report an EPS of $0.08, which is a decrease of 27.27% from the prior-year quarter [2] - The consensus estimate for revenue is $174.33 million, indicating a 2.49% growth compared to the same quarter last year [2] Full Year Estimates - For the full year, analysts expect earnings of $0.96 per share and revenue of $816.02 million, representing changes of +14.29% and +6.99% respectively from last year [3] Analyst Estimates - Recent changes to analyst estimates for GLDD are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [4] Zacks Rank - GLDD currently holds a Zacks Rank of 1 (Strong Buy), which has historically yielded an average annual return of +25% since 1988 [6] Valuation Metrics - GLDD is trading at a Forward P/E ratio of 12.29, which is a discount compared to the industry average Forward P/E of 20.6 [7] - The company has a PEG ratio of 1.02, compared to the industry average PEG ratio of 1.38 [7] Industry Overview - The Building Products - Heavy Construction industry, part of the Construction sector, ranks in the top 2% of all industries according to the Zacks Industry Rank [8]