Great Lakes Dredge & Dock (GLDD) Exceeds Market Returns: Some Facts to Consider

Company Performance - Great Lakes Dredge & Dock (GLDD) closed at $8.81, reflecting a +1.03% change from the previous session, outperforming the S&P 500's gain of 0.13% [1] - The company's shares have decreased by 5.63% over the last month, which is better than the Construction sector's loss of 7.68% and the S&P 500's loss of 6.3% [1] Upcoming Earnings - The company is expected to report an EPS of$ 0.25, indicating a 19.35% decline compared to the same quarter last year [2] - Revenue is anticipated to be $209.9 million, showing a 5.66% increase from the same quarter last year [2] Annual Forecast - Zacks Consensus Estimates predict earnings of$ 0.69 per share and revenue of $775.45 million for the year, reflecting changes of -17.86% and +1.67% respectively compared to the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts for Great Lakes Dredge & Dock are important as they indicate changing near-term business trends, with positive revisions seen as a good sign for the company's outlook [4] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Great Lakes Dredge & Dock at 3 (Hold) [6] - The Zacks Rank has a strong track record, with 1 stocks generating an average annual return of +25% since 1988 [6] Valuation Metrics - Great Lakes Dredge & Dock has a Forward P/E ratio of 12.73, which is lower than the industry average of 15.03, suggesting it is trading at a discount [7] - The company's PEG ratio is currently 1.06, matching the average PEG ratio of the Building Products - Heavy Construction industry [8] Industry Context - The Building Products - Heavy Construction industry is part of the Construction sector and holds a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [8] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [9]