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Here's Why Great Lakes Dredge & Dock (GLDD) Fell More Than Broader Market
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In the latest trading session, Great Lakes Dredge & Dock (GLDD - Free Report) closed at $11.24, marking a -1.4% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.13%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.15%.
Coming into today, shares of the provider of dredging and dock-contracting services had lost 3.55% in the past month. In that same time, the Construction sector gained 6.66%, while the S&P 500 gained 3.39%.
Investors will be eagerly watching for the performance of Great Lakes Dredge & Dock in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 5, 2025. The company's upcoming EPS is projected at $0.08, signifying a 27.27% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $174.33 million, indicating a 2.49% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.96 per share and a revenue of $816.02 million, signifying shifts of +14.29% and +6.99%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Great Lakes Dredge & Dock. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Great Lakes Dredge & Dock is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Great Lakes Dredge & Dock is at present trading with a Forward P/E ratio of 11.92. For comparison, its industry has an average Forward P/E of 26.96, which means Great Lakes Dredge & Dock is trading at a discount to the group.
It's also important to note that GLDD currently trades at a PEG ratio of 0.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Building Products - Heavy Construction industry stood at 1.59 at the close of the market yesterday.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 7, finds itself in the top 3% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Here's Why Great Lakes Dredge & Dock (GLDD) Fell More Than Broader Market
In the latest trading session, Great Lakes Dredge & Dock (GLDD - Free Report) closed at $11.24, marking a -1.4% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.13%. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, added 0.15%.
Coming into today, shares of the provider of dredging and dock-contracting services had lost 3.55% in the past month. In that same time, the Construction sector gained 6.66%, while the S&P 500 gained 3.39%.
Investors will be eagerly watching for the performance of Great Lakes Dredge & Dock in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 5, 2025. The company's upcoming EPS is projected at $0.08, signifying a 27.27% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $174.33 million, indicating a 2.49% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.96 per share and a revenue of $816.02 million, signifying shifts of +14.29% and +6.99%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Great Lakes Dredge & Dock. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Great Lakes Dredge & Dock is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Great Lakes Dredge & Dock is at present trading with a Forward P/E ratio of 11.92. For comparison, its industry has an average Forward P/E of 26.96, which means Great Lakes Dredge & Dock is trading at a discount to the group.
It's also important to note that GLDD currently trades at a PEG ratio of 0.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Building Products - Heavy Construction industry stood at 1.59 at the close of the market yesterday.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 7, finds itself in the top 3% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.