Earnings Outlook For Great Lakes Dredge & Dock
Portfolio Pulse from Benzinga Insights
Great Lakes Dredge & Dock (NASDAQ:GLDD) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts expecting an EPS of $0.10. The company's historical earnings performance shows mixed results, with the last quarter beating estimates but resulting in a 3.55% share price drop the following day. Over the last 52 weeks, GLDD shares have increased by 34.09%, indicating a generally positive sentiment among long-term shareholders.
February 13, 2024 | 6:02 pm
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Great Lakes Dredge & Dock is expected to report an EPS of $0.10 for the upcoming quarter. Historical data shows mixed reactions to past earnings, with a recent increase in share price over the last year.
Given the expected EPS and historical performance, the short-term impact on GLDD's stock price could be neutral. While the company has beaten past EPS estimates, the immediate market reaction has varied. The long-term positive trend in share price suggests underlying strength, but the short-term impact of the earnings report is uncertain, especially considering the importance of guidance over actual earnings beat or miss.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100