Great Lakes Dredge & Dock (US:GLDD) ZACKSยท2024-11-05 15:10Group 1: Earnings Performance - Great Lakes Dredge & Dock (GLDD) reported quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.18 per share, compared to a loss of $0.09 per share a year ago [1] - The earnings surprise for this quarter was -27.78%, while the previous quarter saw a positive surprise of 266.67% with actual earnings of $0.11 per share against an expected $0.03 [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [2] Group 2: Revenue Performance - The company posted revenues of $191.17 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 5.74%, and up from $117.19 million year-over-year [3] - Great Lakes Dredge & Dock has topped consensus revenue estimates three times over the last four quarters [3] Group 3: Stock Performance and Outlook - The stock has gained approximately 51.2% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [4] - The future performance of the stock will depend on management's commentary during the earnings call and the earnings outlook [4][5] - The current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $199.95 million, and for the current fiscal year, it is $0.80 on revenues of $749.53 million [8] Group 4: Industry Context - Great Lakes Dredge & Dock operates within the Zacks Building Products - Heavy Construction industry, which is currently ranked in the top 14% of over 250 Zacks industries [9] - The performance of the stock may be influenced by the overall outlook for the industry, as top-ranked industries tend to outperform lower-ranked ones significantly [9]