Here's Why Great Lakes Dredge & Dock (GLDD) Fell More Than Broader Market

Company Overview - Great Lakes Dredge & Dock (GLDD) closed at $11.22, down 1.84% from the previous trading session, underperforming the S&P 500 which lost 0.27% [1] - Over the past month, GLDD shares decreased by 2.06%, lagging behind the Construction sector's gain of 3.67% and the S&P 500's gain of 4.27% [1] Upcoming Earnings - The earnings report for Great Lakes Dredge & Dock is anticipated on February 18, 2025, with projected earnings per share (EPS) of$ 0.21, indicating a 16% decrease from the same quarter last year [2] - Revenue is expected to reach $211.8 million, reflecting a 16.55% increase compared to the year-ago quarter [2] Analyst Estimates - Changes in analyst estimates for Great Lakes Dredge & Dock are crucial as they often reflect short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Great Lakes Dredge & Dock at 3 (Hold) [5] - There has been no change in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.99, which is a discount compared to the industry's average Forward P/E of 18.68 [6] - The company also has a PEG ratio of 0.37, significantly lower than the average PEG ratio of 1.25 for the Building Products - Heavy Construction industry [7] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, holds a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]