Shares of the provider of dredging and dock-contracting services witnessed a gain of 5.25% over the previous month, beating the performance of the Construction sector with its gain of 4.24% and the S&P 500's loss of 0.26%. GLDD's full-year Zacks Consensus Estimates are calling for earnings of $0.72 per share and revenue of $746.93 million. These results would represent year-over-year changes of +414.29% and +26.68%, respectively. Empirical research indicates that these revisions in estimates have a direct c ...

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Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $8.24, a decrease of -0.12% from the previous trading session, underperforming the S&P 500 which gained 0.07% [1] - The upcoming earnings report is projected to show an EPS of $0.03, indicating stability compared to the same quarter last year, with expected quarterly revenue of $165 million, up 24.37% year-over-year [2] - Over the last month, GLDD shares have decreased by 9.44%, contrasting with the Construction sector's loss of 3.35% and the S&P 500's gain of 4.34% [6] Analyst Estimates and Rankings - Recent modifications to analyst estimates reflect shifting business dynamics, with upward revisions indicating positive sentiment towards the company's operations [3] - The Zacks Rank system currently places GLDD at 3 (Hold), with a 4% decline in the Zacks Consensus EPS estimate over the past month [4] - The Zacks Consensus Estimates forecast earnings of $0.72 per share and revenue of $746.93 million for the year, representing increases of +414.29% and +26.68% respectively compared to the previous year [7] Valuation Metrics - GLDD has a PEG ratio of 0.33, significantly lower than the industry average PEG ratio of 1.76, indicating potential undervaluation relative to expected earnings growth [9] - The company is currently traded at a Forward P/E ratio of 11.46, which is a discount compared to the industry's average Forward P/E of 18.86 [11] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and holds a Zacks Industry Rank of 57, placing it in the top 23% of over 250 industries [5] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive landscape within the industry [12]

Great Lakes Dredge & Dock (GLDD) closed at $8.89 in the latest trading session, marking a +0.79% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq decreased by 1.09%. The the stock of provider of dredging and dock-contracting services has fallen by 4.13% in the past month, leading the Construction sector's loss of 4.24% and undershooting the S&P 500's gain of 2.73%. Looking at the full year, ...

Market Overview - The United States dredging market is projected to grow from an estimated market value of $5.2 billion in 2023 to $6.16 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 2.7% [7][11] - The market is driven by substantial infrastructure development, coastal protection initiatives, and rising trade volumes, highlighting the dredging sector's critical role in maritime commerce and climate change defense [1][5] Demand Drivers - Economic vigor and heightened environmental awareness are key factors driving demand within the dredging market [13] - Dredging is essential for maintaining navigable waterways, constructing coastal defenses, and countering erosion and siltation, especially as coastal communities face more frequent and intense weather events [12][13] Industry Challenges - The dredging industry faces challenges such as project funding constraints, regulatory complexities, and ensuring environmental compliance [3][14] - Market players are addressing these challenges through strategic collaborations, adoption of cutting-edge technologies, and innovative operational practices [3] Technological Advancements - Technological advancements in dredging equipment are facilitating more efficient and sustainable operations, aligning with the industry's move towards minimizing environmental footprints [13] - Key players in the market, including Great Lakes Dredge & Dock Corporation and Weeks Marine Inc., are driving innovation and enhancing maritime infrastructure capabilities [4][15] Market Segmentation - The United States dredging market is segmented by type, application, customer, and region, covering various aspects such as trade activity, energy infrastructure, and coastal protection [6][16]

Company Performance - Great Lakes Dredge & Dock's shares have decreased by 7.38% over the last month, underperforming the Construction sector's loss of 4.01% and the S&P 500's gain of 3.71% [1] - The company is projected to report earnings of $0.03 per share, showing no change from the same quarter last year, while revenue is expected to be $165 million, indicating a 24.37% growth compared to the prior year [3] - The Zacks Consensus Estimates for the full year project earnings of $0.72 per share and revenue of $746.93 million, representing increases of +414.29% and +26.68% respectively from the previous year [2] Analyst Estimates and Valuation - Recent modifications to analyst estimates for Great Lakes Dredge & Dock indicate changing near-term business trends, with positive revisions suggesting analyst optimism regarding the company's profitability [4] - The company currently has a Forward P/E ratio of 12.19, which is a discount compared to the industry's average Forward P/E of 19.37 [8] - Great Lakes Dredge & Dock has a PEG ratio of 0.35, significantly lower than the average PEG ratio of 1.8 for the Building Products - Heavy Construction industry [11] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and currently holds a Zacks Industry Rank of 16, placing it in the top 7% of over 250 industries [7] - The Zacks Rank system, which assesses stock performance, indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9] - Over the past month, there has been a 4% decline in the Zacks Consensus EPS estimate for Great Lakes Dredge & Dock, which currently holds a Zacks Rank of 3 (Hold) [10]

Company Overview - Great Lakes Dredge & Dock (GLDD) has experienced a share price decline of 4.77% over the past month, while the Construction sector decreased by 3.41% and the S&P 500 increased by 3.96% [1] - The company closed the most recent trading day at $9.19, showing no change from the previous session, which lagged behind the S&P 500's daily gain of 0.23% [6] Earnings Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $0.75 per share and revenue of $756.66 million, reflecting increases of +435.71% and +28.33% respectively from the previous year [2] - The upcoming earnings release is anticipated to show an EPS of $0.04, indicating a growth of 33.33% compared to the same quarter last year, with a revenue estimate of $166 million, representing a 25.12% increase from the prior year [7] Valuation Metrics - GLDD's PEG ratio is currently 1.23, which is lower than the industry average PEG ratio of 1.89 [4] - The company holds a Forward P/E ratio of 12.25, which is a discount compared to the industry's average Forward P/E of 19.15 [9] Analyst Ratings - The Zacks Rank system currently rates Great Lakes Dredge & Dock as 1 (Strong Buy), indicating a positive outlook based on recent estimate revisions [11] - The Building Products - Heavy Construction industry, which includes GLDD, has a Zacks Industry Rank of 1, placing it in the top 1% of over 250 industries [12]

Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release may constitute "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the Securities and Exchange Commission (the "SEC"), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important facto ...