Great Lakes Dredge & Dock (GLDD) Q4 Earnings Beat Estimates

Core Viewpoint - Great Lakes Dredge & Dock (GLDD) reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and showing an increase from $0.25 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 38.10%, with the company previously expected to post earnings of $0.18 per share but actually reporting $0.13 per share in the prior quarter, resulting in a surprise of -27.78% [2] - Revenues for the quarter ended December 2024 were $202.77 million, which missed the Zacks Consensus Estimate by 4.26%, compared to $181.73 million in the same quarter last year [3] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and has also topped consensus revenue estimates three times [2][3] Stock Performance and Outlook - Great Lakes Dredge & Dock shares have declined approximately 2.6% since the beginning of the year, while the S&P 500 has gained 4% [4] - The company's future stock performance will largely 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 $0.13 on revenues of $192 million, and for the current fiscal year, it is $0.88 on revenues of $841.1 million [8] Industry Context - The Building Products - Heavy Construction industry, to which Great Lakes Dredge & Dock belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]