Great Lakes Dredge & Dock Corp expected to post earnings of 8 cents a share - Earnings Preview

Great Lakes Dredge & Dock

03/05/2024 13:47

* Great Lakes Dredge & Dock Corp  GLDD.OQ   GLDD.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 7 for the period ending March 31 2024
    * The Oak Brook Illinois-based  company is expected to
report a
9.8% increase in revenue to $173.5 million from $158.04 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Great Lakes Dredge &
Dock Corp
is for earnings of 8 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 $13.50​, above​ its last closing price
of $6.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.09        0.10       0.32      Beat    228.2
 Sep. 30 2023  -0.12       -0.12      -0.09     Beat    27
 Jun. 30 2023  -0.11       -0.10      0.03      Beat    129​
 Mar. 31 2023  -0.15       -0.17      -0.05     Beat    70.6
 ​​Dec.        -0.15       -0.14      -0.47     Missed  -235.7
 31 2022                                                
 Jan. 1 0001   0.02        0.03       -0.15     Missed  -550​
 Jan. 1 0001   0.16        0.17       -0.06     Missed  -135.3
 Mar. 31 2022  0.16        0.16       0.17      Beat    6.3
 This summary was machine generated May 3 at 12:47 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)