Great Lakes Dredge & Dock (GLDD) Outperforms Broader Market: What You Need to Know

Core Viewpoint - Great Lakes Dredge & Dock (GLDD) is experiencing mixed performance in the stock market, with a recent increase in stock price but a decline over the past month, while upcoming earnings are anticipated to show significant growth in earnings per share and revenue [1][2][3][4]. Company Performance - GLDD's stock closed at $11.15, reflecting a gain of 1.73% from the previous trading session, outperforming the S&P 500's daily gain of 0.79% [1]. - Over the past month, GLDD shares have depreciated by 6.8%, underperforming the Construction sector's loss of 0.94% and the S&P 500's gain of 1.27% [2]. Earnings Expectations - Analysts expect GLDD to report earnings of $0.17 per share, indicating a year-over-year growth of 30.77% [3]. - The Zacks Consensus Estimate for revenue is projected at $197.6 million, which represents a 3.36% increase from the previous year [3]. - For the entire year, earnings are forecasted at $1.02 per share and revenue at $831.51 million, reflecting changes of +21.43% and +9.02%, respectively, compared to the previous year [4]. Analyst Forecasts - Recent revisions to analyst forecasts for GLDD are crucial as they often indicate changing business trends, with positive revisions seen as a favorable sign for the business outlook [5]. - The Zacks Rank system, which incorporates estimate changes, currently ranks GLDD at 3 (Hold) [7]. Valuation Metrics - GLDD is trading with a Forward P/E ratio of 10.78, which is a discount compared to the industry average Forward P/E of 26.8 [8]. - The company has a PEG ratio of 0.9, significantly lower than the average PEG ratio of 2.06 for the Building Products - Heavy Construction industry [9]. Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and holds a Zacks Industry Rank of 98, placing it in the top 40% of over 250 industries [10].