The provider of dredging and dock-contracting services's shares have seen a decrease of 7.38% over the last month, not keeping up with the Construction sector's loss of 4.01% and the S&P 500's gain of 3.71%. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.72 per share and revenue of $746.93 million, which would represent changes of +414.29% and +26.68%, respectively, from the prior year. The investment community will be paying close attention to the earnings performance of Gre ...

Coming into today, shares of the provider of dredging and dock-contracting services had lost 4.77% in the past month. In that same time, the Construction sector lost 3.41%, while the S&P 500 gained 3.96%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.75 per share and a revenue of $756.66 million, indicating changes of +435.71% and +28.33%, respectively, from the former year. Based on our research, we believe these estimate revisions are directly related to near-tea ...

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 ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Q1 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Tina Baginskis - Director, IR Lasse Petterson - President and CEO Scott Kornblau - CFO Conference Call Participants Joe Gomes - Noble Capital Jon Tanwanteng - CJS Securities Adam Thalhimer - Thompson Davis Operator Good day and thank you for standing by. Welcome to the Q1 2024 Great Lakes Dredge & Dock Corp. Earnings Call Conference Call. At this time, everybody is in listen-only ...

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 ...

 First quarter net income of $21.0 millionFirst quarter adjusted EBITDA of $42.9 millionDredging backlog of $879.4 million at March 31, 2024 HOUSTON, May 07, 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights Revenue was $198.7 millionTotal operating profit was $31.5 millionNet i ...

HOUSTON, April 24, 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, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement ("Second Lien Credit Agreement") with Guggenheim Credit Funding, LLC, on behalf of one or more clients. The Company borrowed $100,000,000 under the Second Lien Credit Agreement on the Closing Date and has the option ...