Great Lakes Dredge & Dock (US:GLDD) ZACKSยท2024-10-09 23:20Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.62, reflecting a -0.09% change from the previous session, underperforming the S&P 500's gain of 0.71% [1] - Over the past month, GLDD shares have increased by 23.85%, surpassing the Construction sector's gain of 8.51% and the S&P 500's gain of 6.41% [1] Earnings Projections - The upcoming EPS for GLDD is projected at $0.18, indicating a 300% increase compared to the same quarter of the previous year [2] - Revenue is forecasted to be $180.8 million, representing a 54.28% growth compared to the corresponding quarter of the prior year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $0.80 per share, reflecting a +471.43% change from the prior year [3] - Revenue for the fiscal year is estimated at $749.53 million, indicating a +27.12% change from the previous year [3] Analyst Estimates - Changes in analyst estimates for GLDD are crucial as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks GLDD at 3 (Hold) [6] Valuation Metrics - GLDD has a Forward P/E ratio of 14.54, which is below the industry average of 22.04, suggesting it is trading at a discount [7] - The company has a PEG ratio of 0.42, significantly lower than the industry average PEG ratio of 2.19 [8] Industry Context - The Building Products - Heavy Construction industry, which includes GLDD, holds a Zacks Industry Rank of 159, placing it in the bottom 37% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]