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

Great Lakes Dredge & Dock

07/05/2024 15:33

* Great Lakes Dredge & Dock Corp  GLDD.OQ  reported
quarterly
adjusted earnings of 31 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of -5 cents.  The mean expectation of
four analysts for the quarter was for earnings of 8 cents per
share. Wall Street expected results to range from 1 cents to 10
cents per share.
    * Revenue rose 25.7% to $198.66 million from a year ago;
analysts
expected $173.50 million. 
    * Great Lakes Dredge & Dock Corp's reported EPS for the
quarter
was 31 cents​.
    * The company reported quarterly net income of $21.02
million.
    * Great Lakes Dredge & Dock Corp shares had fallen by 19.5%
this
quarter and lost 8.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
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 $13.50 
This summary was machine generated from LSEG data May 7 at 02:32
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
 Mar. 31 2024      0.08           0.31           Beat
 Dec. 31 2023      0.10           0.32           Beat
 Sep. 30 2023      -0.12          -0.09          Beat
 Jun. 30 2023      -0.10          0.03           Beat