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Great Lakes Dredge & Dock (GLDD) Ascends But Remains Behind Market: Some Facts to Note
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Great Lakes Dredge & Dock (GLDD - Free Report) closed at $9.46 in the latest trading session, marking a +0.21% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%.
The provider of dredging and dock-contracting services's stock has climbed by 6.19% in the past month, falling short of the Construction sector's gain of 7.81% and outpacing the S&P 500's loss of 1.16%.
Analysts and investors alike will be keeping a close eye on the performance of Great Lakes Dredge & Dock in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.03, signifying steadiness compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $165 million, up 24.37% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.72 per share and revenue of $746.93 million, which would represent changes of +414.29% and +26.68%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Great Lakes Dredge & Dock. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Great Lakes Dredge & Dock is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Great Lakes Dredge & Dock has a Forward P/E ratio of 13.11 right now. This represents a discount compared to its industry's average Forward P/E of 20.82.
One should further note that GLDD currently holds a PEG ratio of 0.37. 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 1.74 at the close of the market yesterday.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 31% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Great Lakes Dredge & Dock (GLDD) Ascends But Remains Behind Market: Some Facts to Note
Great Lakes Dredge & Dock (GLDD - Free Report) closed at $9.46 in the latest trading session, marking a +0.21% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%.
The provider of dredging and dock-contracting services's stock has climbed by 6.19% in the past month, falling short of the Construction sector's gain of 7.81% and outpacing the S&P 500's loss of 1.16%.
Analysts and investors alike will be keeping a close eye on the performance of Great Lakes Dredge & Dock in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.03, signifying steadiness compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $165 million, up 24.37% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.72 per share and revenue of $746.93 million, which would represent changes of +414.29% and +26.68%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Great Lakes Dredge & Dock. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Great Lakes Dredge & Dock is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Great Lakes Dredge & Dock has a Forward P/E ratio of 13.11 right now. This represents a discount compared to its industry's average Forward P/E of 20.82.
One should further note that GLDD currently holds a PEG ratio of 0.37. 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 1.74 at the close of the market yesterday.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 31% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.