Great Lakes Dredge & Dock's Earnings Outlook

Great Lakes Dredge & Dock GLDD is set to give its latest quarterly earnings report on Tuesday, 2022-11-01. 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 $0.03.

Great Lakes Dredge & Dock bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.23, which was followed by a 1.8% drop in the share price the next day.

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

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.17 0.16 0.31 0.26
EPS Actual -0.06 0.17 0.37 0.21
Price Change % -1.8% 3.06% 1.98% 1.08%

eps graph

Stock Performance

Shares of Great Lakes Dredge & Dock were trading at $7.71 as of October 28. Over the last 52-week period, shares are down 49.8%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Great Lakes Dredge & Dock visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-EP
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!