A Glimpse of Great Lakes Dredge & Dock's Earnings Potential

Great Lakes Dredge & Dock (NASDAQ:GLDD) is set to give its latest quarterly earnings report on Tuesday, 2024-11-05. Here's what investors need to know before the announcement.

Analysts estimate that Great Lakes Dredge & Dock will report an earnings per share (EPS) of $0.18.

Anticipation surrounds Great Lakes Dredge & Dock's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

In the previous earnings release, the company beat EPS by $0.09, leading to a 0.23% increase in the share price the following trading session.

Here's a look at Great Lakes Dredge & Dock's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.02

0.07

0.10

-0.11

EPS Actual

0.11

0.31

0.26

-0.09

Price Change %

0.0%

5.0%

0.0%

-4.0%

Market Performance of Great Lakes Dredge & Dock's Stock

Shares of Great Lakes Dredge & Dock were trading at $11.69 as of November 01. Over the last 52-week period, shares are up 79.94%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Insights on Great Lakes Dredge & Dock

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Great Lakes Dredge & Dock.

The consensus rating for Great Lakes Dredge & Dock is Outperform, based on 1 analyst ...