We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Great Lakes Dredge & Dock (GLDD) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
Great Lakes Dredge & Dock (GLDD - Free Report) closed the most recent trading day at $9.04, moving -1.31% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
Prior to today's trading, shares of the provider of dredging and dock-contracting services had gained 3.62% over the past month. This has outpaced the Construction sector's loss of 6.22% and the S&P 500's loss of 4.29% in that time.
The investment community will be closely monitoring the performance of Great Lakes Dredge & Dock in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.25, reflecting a 19.35% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $209.9 million, reflecting a 5.66% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.69 per share and a revenue of $775.45 million, signifying shifts of -17.86% and +1.67%, respectively, from the last year.
Any recent changes to analyst estimates for Great Lakes Dredge & Dock should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Great Lakes Dredge & Dock is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Great Lakes Dredge & Dock is presently being traded at a Forward P/E ratio of 13.37. This signifies a discount in comparison to the average Forward P/E of 14.56 for its industry.
We can additionally observe that GLDD currently boasts a PEG ratio of 1.11. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Heavy Construction industry had an average PEG ratio of 1.11 as trading concluded yesterday.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Great Lakes Dredge & Dock (GLDD) Stock Drops Despite Market Gains: Important Facts to Note
Great Lakes Dredge & Dock (GLDD - Free Report) closed the most recent trading day at $9.04, moving -1.31% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow experienced a rise of 0.28%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
Prior to today's trading, shares of the provider of dredging and dock-contracting services had gained 3.62% over the past month. This has outpaced the Construction sector's loss of 6.22% and the S&P 500's loss of 4.29% in that time.
The investment community will be closely monitoring the performance of Great Lakes Dredge & Dock in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.25, reflecting a 19.35% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $209.9 million, reflecting a 5.66% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.69 per share and a revenue of $775.45 million, signifying shifts of -17.86% and +1.67%, respectively, from the last year.
Any recent changes to analyst estimates for Great Lakes Dredge & Dock should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Great Lakes Dredge & Dock is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Great Lakes Dredge & Dock is presently being traded at a Forward P/E ratio of 13.37. This signifies a discount in comparison to the average Forward P/E of 14.56 for its industry.
We can additionally observe that GLDD currently boasts a PEG ratio of 1.11. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Heavy Construction industry had an average PEG ratio of 1.11 as trading concluded yesterday.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.