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Great Lakes Dredge & Dock (NASDAQ:GLDD) is set to give its latest quarterly earnings report on Tuesday, 2023-11-07. 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 $-0.11.
Great Lakes Dredge & Dock bulls will hope to hear the company 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).
Last quarter the company beat EPS by $0.13, which was followed by a 4.34% 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 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.10 | -0.17 | -0.14 | 0.03 |
| EPS Actual | 0.03 | -0.05 | -0.47 | -0.15 |
| Price Change % | -4.34% | 1.73% | -0.65% | -8.97% |
Shares of Great Lakes Dredge & Dock were trading at $7.55 as of November 03. Over the last 52-week period, shares are up 11.04%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: GLDD
