![]() ![]() There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Great Lakes Dredge & Dock has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for Great Lakes Dredge & Dock? Great Lakes Dredge & Dock shares have lost about 51.9% since the beginning of the year versus the S&P 500's decline of -18.8%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates just once over the last four quarters. This compares to year-ago revenues of $168.64 million. Great Lakes Dredge & Dock, which belongs to the Zacks Building Products - Heavy Construction industry, posted revenues of $158.35 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 3.45%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. ![]() A quarter ago, it was expected that this provider of dredging and dock-contracting services would post earnings of $0.23 per share when it actually produced a loss of $0.06, delivering a surprise of -126.09%. ![]() This quarterly report represents an earnings surprise of -287.50%. These figures are adjusted for non-recurring items. This compares to earnings of $0.21 per share a year ago. Great Lakes Dredge & Dock (GLDD) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of $0.08. ![]()
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