We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Great Lakes Dredge & Dock (GLDD) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Great Lakes Dredge & Dock (GLDD - Free Report) closed the latest trading day at $11.15, indicating a +1.55% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.25%.
The provider of dredging and dock-contracting services's stock has dropped by 2.75% in the past month, falling short of the Construction sector's loss of 0.13% and the S&P 500's gain of 1.24%.
Market participants will be closely following the financial results of Great Lakes Dredge & Dock in its upcoming release. The company is predicted to post an EPS of $0.21, indicating a 16% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $211.8 million, up 16.55% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Great Lakes Dredge & Dock. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Great Lakes Dredge & Dock is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Great Lakes Dredge & Dock is presently being traded at a Forward P/E ratio of 12.48. This valuation marks a discount compared to its industry's average Forward P/E of 16.8.
It's also important to note that GLDD currently trades at a PEG ratio of 0.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Building Products - Heavy Construction industry held an average PEG ratio of 1.24.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Great Lakes Dredge & Dock (GLDD) Beats Stock Market Upswing: What Investors Need to Know
Great Lakes Dredge & Dock (GLDD - Free Report) closed the latest trading day at $11.15, indicating a +1.55% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.25%.
The provider of dredging and dock-contracting services's stock has dropped by 2.75% in the past month, falling short of the Construction sector's loss of 0.13% and the S&P 500's gain of 1.24%.
Market participants will be closely following the financial results of Great Lakes Dredge & Dock in its upcoming release. The company is predicted to post an EPS of $0.21, indicating a 16% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $211.8 million, up 16.55% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Great Lakes Dredge & Dock. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Great Lakes Dredge & Dock is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Great Lakes Dredge & Dock is presently being traded at a Forward P/E ratio of 12.48. This valuation marks a discount compared to its industry's average Forward P/E of 16.8.
It's also important to note that GLDD currently trades at a PEG ratio of 0.36. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Building Products - Heavy Construction industry held an average PEG ratio of 1.24.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.