Great Lakes Dredge & Dock: Market Performance, Earnings Expectations, and Zacks Rank Analysis

In the latest trading session, Great Lakes Dredge & Dock (GLDD) closed at $11.58, marking a -1.53% decline from the previous day. This move lagged behind the S&P 500's daily loss of 0.84%. The Dow experienced a 0.7% decrease, while the tech-heavy Nasdaq depreciated by 0.91%.

Shares of the provider of dredging and dock-contracting services have appreciated by 5% over the past month, outperforming the Construction sector's 0% loss and the S&P 500's 1.44% gain.

Investors will be eagerly awaiting Great Lakes Dredge & Dock's upcoming earnings disclosure. The company is expected to report earnings per share (EPS) of $0.08, a 27.27% decrease from the prior-year quarter. Meanwhile, our current consensus estimate forecasts revenue to be $174.33 million, indicating a 2.49% growth compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.96 per share and revenue of $816.02 million. These totals would mark changes of +14.29% and +6.99%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Great Lakes Dredge & Dock, as these revisions typically reflect the latest short-term business trends. Positive estimate revisions can be a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system ranging from #1 (Strong Buy) to #5 (Strong Sell). The Zacks Rank #1 (Strong Buy) indicates that Great Lakes Dredge & Dock is expected to perform well in the near future.

Looking at valuation, Great Lakes Dredge & Dock is presently trading at a Forward P/E ratio of 12.29, which represents a discount compared to its industry average Forward P/E of 20.6. Additionally, the company holds a PEG ratio of 1.02, which takes into account the stock's expected earnings growth rate and compares favorably with the Building Products - Heavy Construction industry's average PEG ratio of 1.38 as of yesterday's trading.

The Building Products - Heavy Construction industry is part of the Construction sector and ranks in the top 2% of all industries with a current Zacks Industry Rank of 3, numbering over 250 industries. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics and more throughout the forthcoming trading sessions.