Great Lakes Dredge & Dock (US:GLDD) ZACKSยท2024-06-17 23:05Company 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]