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 ...

Great Lakes Dredge & Dock (GLDD) closed the most recent trading day at $8.24, moving -0.12% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.07%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.14%. The investment community will be closely monitoring the performance of Great Lakes Dredge & Dock in its forthcoming earnings report. The company's upcoming EPS is projected at $0.03, signifying steadiness ...

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, ...

Propelled by an array of drivers, including substantial infrastructure development, coastal protection initiatives, and rising trade volumes, the market is set to maintain a steady Compound Annual Growth Rate (CAGR) of 2.7%. This expansion is a testament to the dredging sector's critical role in facilitating maritime commerce and bolstering defenses against climate change. Dublin, June 24, 2024 (GLOBE NEWSWIRE) -- The "United States Dredging Market By Region, Competition, Forecast and Opportunities, 2019-20 ...