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 ...

Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") is the largest provider of dredging services in the United States. In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry. The Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 134-yea ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Great Lakes Dredge & Dock (GLDD) - GLDD currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, GLDD shares increased by 4.52%, outperforming the Zacks Building Products - Heavy Construction industry, which rose by only 0.11% [6] - In a longer timeframe, GLDD shares have risen by 12.06% over the past quarter and 38.39% over the last year, compared to the S&P 500's gains of 6.34% and 29.26%, respectively [7] Trading Volume - GLDD's average 20-day trading volume is 501,161 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for GLDD has increased, raising the consensus estimate from $0.58 to $0.73 for the full year [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10] Conclusion - Given the positive momentum indicators and earnings outlook, GLDD is positioned as a strong buy candidate for investors seeking short-term opportunities [11]

Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals to maintain momentum in stock prices [1][2]. Group 1: Stock Performance - Great Lakes Dredge & Dock (GLDD) has shown a solid price increase of 1.2% over the past 12 weeks, indicating investor willingness to pay more for potential upside [4]. - Over the last four weeks, GLDD's price has increased by 21%, confirming that the upward trend is still intact [5]. - GLDD is currently trading at 88.3% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. Group 2: Fundamental Strength - GLDD 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]. - The stock also has an Average Broker Recommendation of 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like GLDD that are on an uptrend supported by strong fundamentals [3]. - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8].

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33225 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Great Lakes Dredge & Dock Corporation (Exact name of registrant as specified in its charter) | Delaware | 20-5336063 | | --- | --- | ...

Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 416.67%. A quarter ago, it was expected that this provider of dredging and dock-contracting services would post earnings of $0.09 per share when it actually produced earnings of $0.25, delivering a surprise o ...