Great Lakes Dredge & Dock Corp reports results for the quarter ended December 31 - Earnings Summary

Great Lakes Dredge & Dock

18/02/2025 14:01

* Great Lakes Dredge & Dock Corp  GLDD.OQ  reported
quarterly
adjusted earnings of 29 cents​​ per share for the quarter ended
December 31, lower than the same quarter last year, when the
company reported EPS of 32 cents.  The mean expectation of
four analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 20 cents to 26
cents per share.
    * Revenue rose 11.6% to $202.77 million from a year ago;
analysts
expected $209.03 million. 
    * Great Lakes Dredge & Dock Corp's reported EPS for the
quarter
was 29 cents​.
    * The company reported quarterly net income of $19.72
million.
    * Great Lakes Dredge & Dock Corp shares had fallen by 2.6%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Great Lakes
Dredge & Dock Corp is $15.00 
This summary was machine generated from LSEG data February 18 at
02:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.23           0.29           Beat
 Sep. 30 2024      0.18           0.13           Missed
 Jun. 30 2024      0.02           0.11           Beat
 Mar. 31 2024      0.08           0.31           Beat