Great Lakes Dredge & Dock Corp reports results for the quarter ended in June - Earnings Summary

Great Lakes Dredge & Dock

01/08/2023 14:01

* Great Lakes Dredge & Dock Corp  GLDD.OQ  reported
quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for a loss of 10 cents per share.
    * Revenue fell 11.2% to $132.67 million from a year ago;
analysts
expected $146.67 million. 
    * Great Lakes Dredge & Dock Corp's reported EPS for the
quarter
was 3 cents​.
    * 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. 
    * Great Lakes Dredge & Dock Corp shares had risen by 2.9%
this
quarter and gained 41.2% so far this year.
    * The company reported quarterly net income of $1.73
million.
    * Wall Street's median 12-month price target for Great Lakes
Dredge & Dock Corp is $10.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.10          0.03           Beat
 Mar. 31 2023      -0.17          -0.05          Beat
 Dec. 31 2022      -0.14          -0.47          Missed
 Sep. 30 2022      0.03           -0.15          Missed