Great Lakes Dredge & Dock (US:GLDD) zacks.comยท2024-05-20 17:01Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Great Lakes Dredge & Dock (GLDD) - GLDD currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, GLDD shares increased by 4.52%, outperforming the Zacks Building Products - Heavy Construction industry, which rose by only 0.11% [6] - In a longer timeframe, GLDD shares have risen by 12.06% over the past quarter and 38.39% over the last year, compared to the S&P 500's gains of 6.34% and 29.26%, respectively [7] Trading Volume - GLDD's average 20-day trading volume is 501,161 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for GLDD has increased, raising the consensus estimate from $0.58 to $0.73 for the full year [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10] Conclusion - Given the positive momentum indicators and earnings outlook, GLDD is positioned as a strong buy candidate for investors seeking short-term opportunities [11]