Great Lakes Dredge & Dock Corp expected to post a loss of 10 cents a share - Earnings Preview

Great Lakes Dredge & Dock

28/07/2023 14:47

* Great Lakes Dredge & Dock Corp  GLDD.OQ   GLDD.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 1. 
    * The Oak Brook Illinois-based  company is expected to
report  a
1.8% decrease in revenue to $146.667 million from $149.43
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Great Lakes Dredge
& Dock
Corp is for a loss of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Great Lakes
Dredge & Dock Corp is $10​, above​ its last closing price
of $8.16. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.15       -0.17      -0.05     Beat    70.6
 Dec. 31 2023  -0.15       -0.14      -0.47     Missed  -235.7
 Sep. 30 2022  0.02        0.03       -0.15     Missed  -550​
 Jun. 30 2022  0.16        0.17       -0.06     Missed  -135.3
 ​​Mar.        0.16        0.16       0.17      Beat    6.3
 31 2022                                                
 Dec. 31 2021  0.31        0.31       0.37      Beat    18.1​
 Sep. 30 2021  0.26        0.26       0.21      Missed  -19.2
 Jun. 30 2021  0.17        0.17       0.03      Missed  -82.4
 This summary was machine generated July 28 at 13:47 GMT.  All
figures in US dollars  unless otherwise stated