Great Lakes Dredge & Dock Corporation (GLDD) Hit a 52 Week High, Can the Run Continue?

Core Viewpoint - Great Lakes Dredge & Dock (GLDD) has shown strong stock performance, with a 9.4% increase over the past month and a 13.1% gain since the start of the year, outperforming both the Zacks Construction sector and the Zacks Building Products - Heavy Construction industry [1] Financial Performance - The company has consistently beaten earnings estimates, reporting an EPS of $0.26 against a consensus estimate of $0.17 in its last earnings report [2] - For the current fiscal year, GLDD is expected to post earnings of $1.02 per share on revenues of $845.81 million, reflecting a 21.43% change in EPS and a 10.9% change in revenues [3] - For the next fiscal year, earnings are projected to remain at $1.02 per share with revenues increasing to $880.7 million, indicating a year-over-year change of 0% in EPS and 4.13% in revenues [3] Valuation Metrics - The stock trades at 12.6 times current fiscal year EPS estimates, significantly lower than the peer industry average of 25.2 times [7] - On a trailing cash flow basis, GLDD trades at 6.9 times compared to the peer group's average of 15.9 times [7] - The company has a PEG ratio of 1.05, positioning it favorably among value stocks [7] Investment Ratings - GLDD holds a Value Score of A, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of A [6] - The stock has a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - Given the Zacks Rank and Style Scores, GLDD appears to be a promising investment opportunity in the near future [9]