Great Lakes Dredge & Dock (US:GLDD) ZACKSยท2024-09-26 23:21Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $10.58, with a daily increase of +0.86%, outperforming the S&P 500's gain of 0.4% [1] - The stock has increased by 5.43% over the last month, surpassing the Construction sector's gain of 2.56% and the S&P 500's gain of 1.71% [1] Upcoming Earnings - The company is projected to report earnings of $0.18 per share, indicating a year-over-year growth of 300% [2] - Revenue is estimated at $180.8 million, reflecting a 54.28% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are expected to be $0.80 per share, representing a growth of +471.43% [3] - Revenue for the fiscal year is projected at $749.53 million, indicating a +27.12% change from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts are crucial, as upward revisions indicate positive sentiment towards the company's operations and profit generation capabilities [4] Zacks Rank and Valuation - Great Lakes Dredge & Dock currently holds a Zacks Rank of 2 (Buy), with a proven track record of outperformance [6] - The Forward P/E ratio is 13.11, which is a discount compared to the industry average of 21.46 [7] - The PEG ratio stands at 0.37, significantly lower than the industry average of 2.5, indicating favorable valuation metrics [7] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and has a Zacks Industry Rank of 13, placing it in the top 6% of over 250 industries [8]