Great Lakes Dredge & Dock (GLDD) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.15, reflecting a +1.55% change from the previous session, outperforming the S&P 500 which gained 0.53% [1] - The stock has decreased by 2.75% over the past month, underperforming the Construction sector's loss of 0.13% and the S&P 500's gain of 1.24% [1] Upcoming Financial Results - The company is expected to report an EPS of$ 0.21, indicating a 16% decline compared to the same quarter last year [2] - Revenue is projected to be $211.8 million, representing a 16.55% increase from the prior-year quarter [2] Analyst Estimates - Recent changes to analyst estimates for Great Lakes Dredge & Dock indicate a dynamic business outlook, with positive revisions suggesting optimism [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Great Lakes Dredge & Dock at 3 (Hold) [5] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.48, which is below the industry average of 16.8 [6] - The company has a PEG ratio of 0.36, significantly lower than the Building Products - Heavy Construction industry's average PEG ratio of 1.24 [7] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and holds a Zacks Industry Rank of 172, placing it in the bottom 32% of over 250 industries [8]