Great Lakes Dredge & Dock Corp expected to post earnings of 3cents a share - Earnings Preview

Great Lakes Dredge & Dock

28/10/2022 15:28

* Great Lakes Dredge & Dock Corp  GLDD.OQ   GLDD.O  is
expected
to show a fall in quarterly revenue when it reports  results on
November 1. 
    * The Oak Brook Illinois-based  company is expected to
report  a
4.9% decrease in revenue to $160.433 million from $168.64
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
August 2 2022, for the period ended September 30, was for
revenue between $160.00 million and $170.00 million.
    * ​Refinitiv's mean analyst estimate for Great Lakes Dredge
& Dock
Corp is for earnings of 3 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 $17​, above​ its last closing price
of $7.61. ​​​

The company's guidance on August 2 2022 for the period ended
September 30 was for gross profit margin between USD13% and
USD14%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.16        0.17       -0.06     Missed  -135.3
 Mar. 31 2022  0.16        0.16       0.17      Beat    6.3
 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.        0.17        0.17       0.03      Missed  -82.4
 30 2021                                                
 Mar. 31 2021  0.21        0.22       0.13      Missed  -39.5​
 Dec. 31 2020  0.20        0.20       0.16      Missed  -17.9
 Sep. 30 2020  0.15        0.16       0.17      Beat    6.3
 This summary was machine generated October 28 at 14:28 GMT.  All
figures in US dollars  unless otherwise stated