Great Lakes Dredge & Dock (US:GLDD) ZACKSยท2024-07-09 23:20Company 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]