Great Lakes Dredge & Dock Corp reports results for the quarter ended in September 30 - Earnings Summary

Great Lakes Dredge & Dock

06/11/2024 05:16

* Great Lakes Dredge & Dock Corp  GLDD.OQ  reported
quarterly
adjusted earnings of 13 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -9 cents.  The mean expectation of
four analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 17 cents to 20
cents per share.
    * Revenue rose 63.1% to $191.17 million from a year ago;
analysts
expected $184.10 million. 
    * Great Lakes Dredge & Dock Corp's reported EPS for the
quarter
was 13 cents​.
    * The company reported quarterly net income of $8.85
million.
    * Great Lakes Dredge & Dock Corp shares had risen by 10.3%
this
quarter and gained 51.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
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 $14.00 
This summary was machine generated from LSEG data November 6 at
05:16 a.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
 Sep. 30 2024      0.18           0.13           Missed
 Jun. 30 2024      0.02           0.11           Beat
 Mar. 31 2024      0.08           0.31           Beat
 Dec. 31 2023      0.10           0.32           Beat