Great Lakes Dredge & Dock (US:GLDD) ZACKSยท2024-06-13 23:57Company Overview - Great Lakes Dredge & Dock (GLDD) has experienced a share price decline of 4.77% over the past month, while the Construction sector decreased by 3.41% and the S&P 500 increased by 3.96% [1] - The company closed the most recent trading day at $9.19, showing no change from the previous session, which lagged behind the S&P 500's daily gain of 0.23% [6] Earnings Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $0.75 per share and revenue of $756.66 million, reflecting increases of +435.71% and +28.33% respectively from the previous year [2] - The upcoming earnings release is anticipated to show an EPS of $0.04, indicating a growth of 33.33% compared to the same quarter last year, with a revenue estimate of $166 million, representing a 25.12% increase from the prior year [7] Valuation Metrics - GLDD's PEG ratio is currently 1.23, which is lower than the industry average PEG ratio of 1.89 [4] - The company holds a Forward P/E ratio of 12.25, which is a discount compared to the industry's average Forward P/E of 19.15 [9] Analyst Ratings - The Zacks Rank system currently rates Great Lakes Dredge & Dock as 1 (Strong Buy), indicating a positive outlook based on recent estimate revisions [11] - The Building Products - Heavy Construction industry, which includes GLDD, has a Zacks Industry Rank of 1, placing it in the top 1% of over 250 industries [12]