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Great Lakes Dredge & Dock (GLDD) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $9.04, down 1.31% from the previous trading session, underperforming the S&P 500's gain of 0.06% [1] - Over the past month, GLDD shares increased by 3.62%, contrasting with the Construction sector's decline of 6.22% and the S&P 500's drop of 4.29% [2] Earnings Projections - The upcoming earnings report is anticipated to show earnings per share (EPS) of $0.25, a decrease of 19.35% year-over-year, while revenue is projected at $209.9 million, reflecting a 5.66% increase from the same quarter last year [3] - For the annual period, earnings are expected to be $0.69 per share, down 17.86% from last year, with revenue projected at $775.45 million, indicating a 1.67% increase [4] Analyst Estimates and Rankings - Recent changes to analyst estimates for GLDD are important as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [5] - The Zacks Rank system, which assesses estimate changes, currently ranks GLDD at 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [7] Valuation Metrics - GLDD is currently trading at a Forward P/E ratio of 13.37, which is below the industry average of 14.56 [8] - The company has a PEG ratio of 1.11, aligning with the industry average, indicating a balanced consideration of projected earnings growth [8] Industry Context - The Building Products - Heavy Construction industry, to which GLDD belongs, ranks in the top 12% of all industries according to the Zacks Industry Rank, which measures the strength of industry groups [9]