Why Great Lakes Dredge & Dock (GLDD) Dipped More Than Broader Market Today

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $7.84, reflecting a -1.01% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.91% [1] - The stock has decreased by 29.41% over the past month, significantly lagging the Construction sector's loss of 7.5% and the S&P 500's loss of 7.38% [1] Earnings Projections - The upcoming earnings disclosure is projected to show earnings per share (EPS) of$ 0.25, indicating a 19.35% decrease from the same quarter last year [2] - Quarterly revenue is estimated at $209.9 million, which is a 5.66% increase from the year-ago period [2] - For the annual period, earnings are anticipated to be$ 0.69 per share, reflecting a -17.86% change, while revenue is expected to be $775.45 million, showing a +1.67% change from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are crucial as they reflect short-term business trends [4] - Positive changes in estimates indicate analyst optimism regarding the company's business and profitability [4] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 11.56, which is lower than the industry's Forward P/E of 15.35, suggesting a valuation discount [7] - The company's PEG ratio stands at 0.96, compared to the average PEG ratio of 1.48 for the Building Products - Heavy Construction industry [7] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and currently holds a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [8] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [8]