Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 9th: OppFi (OPFI) : This company which provide financial technology platform that powers banks to help everyday consumers gain access to credit, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.3% over the last 60 days. OppFi's has a price-to-earnings ratio (P/E) of 5.31 compared with 29.20 for the industry. The company po ...

Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 266.67%. A quarter ago, it was expected that this provider of dredging and dock-contracting services would post earnings of $0.06 per share when it actually produced earnings of $0.31, delivering a surpr ...

Second quarter net income of $7.7 million Second quarter adjusted EBITDA of $25.8 million Dredging backlog of $807.9 million at June 30, 2024 HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue was $170.1 million Total operating income was $14.6 million ...

Second quarter net income of $7.7 million Second quarter adjusted EBITDA of $25.8 million Dredging backlog of $807.9 million at June 30, 2024 HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue was $170.1 million Total operating income was $14.6 million ...

Great Lakes Dredge & Dock (GLDD) closed at $9.46 in the latest trading session, marking a +0.21% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estim ...

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 ...

The primary purpose of a business is to generate profits that can be reinvested in expansion or utilized for rewarding shareholders. Net profit margin is an effective tool to measure the profits reaped by a business. Net Profit Margin = Net profit/Sales * 100. Screening Parameters Average Broker Rating (1-5) equal to 1: A rating of #1 indicates brokers' extreme bullishness on the stock. Virco Manufacturing designs, produces and distributes quality furniture for the contract and education markets worldwide. ...

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. GLDD is quite a good fit in this regard, gaining 23.5% over this period. Looking at the fundam ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at ...

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]