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.
Is Great Lakes Dredge & Dock (GLDD) Outperforming Other Construction Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Great Lakes Dredge & Dock (GLDD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Great Lakes Dredge & Dock is a member of our Construction group, which includes 88 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Great Lakes Dredge & Dock is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for GLDD's full-year earnings has moved 39.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GLDD has moved about 3.7% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of -4.3% on a year-to-date basis. This means that Great Lakes Dredge & Dock is outperforming the sector as a whole this year.
Another stock in the Construction sector, Babcock International Group PLC (BCKIY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 145.1%.
In Babcock International Group PLC's case, the consensus EPS estimate for the current year increased 7.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Great Lakes Dredge & Dock belongs to the Building Products - Heavy Construction industry, a group that includes 10 individual companies and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 6.9% so far this year, so GLDD is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Babcock International Group PLC belongs to the Engineering - R and D Services industry. This 17-stock industry is currently ranked #91. The industry has moved +4.5% year to date.
Investors interested in the Construction sector may want to keep a close eye on Great Lakes Dredge & Dock and Babcock International Group PLC as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Great Lakes Dredge & Dock (GLDD) Outperforming Other Construction Stocks This Year?
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Great Lakes Dredge & Dock (GLDD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Great Lakes Dredge & Dock is a member of our Construction group, which includes 88 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Great Lakes Dredge & Dock is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for GLDD's full-year earnings has moved 39.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GLDD has moved about 3.7% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of -4.3% on a year-to-date basis. This means that Great Lakes Dredge & Dock is outperforming the sector as a whole this year.
Another stock in the Construction sector, Babcock International Group PLC (BCKIY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 145.1%.
In Babcock International Group PLC's case, the consensus EPS estimate for the current year increased 7.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Great Lakes Dredge & Dock belongs to the Building Products - Heavy Construction industry, a group that includes 10 individual companies and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 6.9% so far this year, so GLDD is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Babcock International Group PLC belongs to the Engineering - R and D Services industry. This 17-stock industry is currently ranked #91. The industry has moved +4.5% year to date.
Investors interested in the Construction sector may want to keep a close eye on Great Lakes Dredge & Dock and Babcock International Group PLC as they attempt to continue their solid performance.