Why the Market Dipped But Great Lakes Dredge & Dock (GLDD) Gained Today

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 ...