Great Lakes Dredge & Dock Q4 2023 GAAP EPS $0.32 Beats $0.10 Estimate, Sales $181.70M Miss $183.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Great Lakes Dredge & Dock (GLDD) reported Q4 2023 earnings of $0.32 per share, surpassing the $0.10 estimate by 220%. However, their sales of $181.70M fell short of the $183.47M estimate by 0.97%, marking a 23.89% increase from the previous year.
February 14, 2024 | 1:03 pm
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GLDD reported Q4 2023 earnings of $0.32 per share, exceeding estimates, but missed sales forecasts slightly with $181.70M versus the expected $183.47M.
The significant beat on the EPS estimate is likely to positively impact investor sentiment and GLDD's stock price in the short term. However, the slight miss on sales estimates could temper some of the positive momentum. Overall, the strong earnings performance is expected to have a more significant impact, suggesting a likely uptick in GLDD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100