Great Lakes Dredge & Dock (GLDD) Rises Higher Than Market: Key Facts

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $11.46, reflecting a +1.69% increase from the previous day, outperforming the S&P 500 which gained 0.36% [1] - Over the past month, GLDD shares experienced a loss of 0.88%, underperforming the Construction sector's gain of 0.5% and the S&P 500's gain of 2.11% [2] Financial Projections - The upcoming EPS for Great Lakes Dredge & Dock is projected at$ 0.21, indicating a 16% decline compared to the same quarter last year [3] - Revenue is estimated to be $211.8 million, representing a 16.55% increase from the prior-year quarter [3] Analyst Estimates - Recent modifications to analyst estimates for Great Lakes Dredge & Dock are crucial as they reflect changing business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Consensus EPS estimate has remained unchanged over the last 30 days, and the company currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.81, which is a discount compared to the industry's average Forward P/E of 16.95 [7] - The company has a PEG ratio of 0.37, significantly lower than the average PEG ratio of 1.2 for the Building Products - Heavy Construction industry [8] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and currently holds a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]