Great Lakes Dredge & Dock Corporation (GLDD) Hits Fresh High: Is There Still Room to Run?

Core Viewpoint - Great Lakes Dredge & Dock (GLDD) has shown strong stock performance, reaching a 52-week high and outperforming both the Zacks Construction sector and the Zacks Building Products - Heavy Construction industry [1] Performance Summary - The stock has increased by 3.7% over the past month and 15.6% since the beginning of the year, while the Zacks Construction sector has only moved up by 5.5% and the Heavy Construction industry by 44.4% [1] Earnings Performance - Great Lakes Dredge & Dock has consistently exceeded earnings expectations, reporting an EPS of $0.26 against a consensus estimate of $0.17 in its last earnings report [2] - For the current fiscal year, the company is projected to achieve earnings of $1.1 per share on revenues of $851.26 million, reflecting a 30.95% increase in EPS and an 11.61% increase in revenues [3] Future Projections - For the next fiscal year, earnings are expected to decline slightly to $1.09 per share, with revenues projected to increase to $892.05 million, indicating a year-over-year change of -0.61% in EPS and 4.79% in revenues [3] Valuation Metrics - The stock trades at 11.9 times the current fiscal year EPS estimates, significantly lower than the peer industry average of 22.9 times [7] - On a trailing cash flow basis, it trades at 7.1 times compared to the peer group's average of 17.7 times, and it has a PEG ratio of 0.99, positioning it favorably for value investors [7] Style Scores - Great Lakes Dredge & Dock has a Value Score of A, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A [6] Zacks Rank - The stock holds a Zacks Rank of 1 (Strong Buy), supported by positive earnings estimate revisions from analysts [8] - The combination of a Zacks Rank of 1 or 2 and Style Scores of A or B suggests that Great Lakes Dredge & Dock shares may have potential for further growth in the near future [9]