Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is set to announce second quarter earning results on Tuesday 4th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GLDD to report 2Q20 income of $ 0.10 per share.
For the full year, analysts anticipate top line of $ 729.35 million, while looking forward to income of $ 0.92 per share bottom line.
Previous Quarter Performance
Great Lakes Dredge & Dock Corporation recorded income for the first quarter of $ 0.52 per share, from the revenue of $ 217.70 million. The quarterly earnings gained 62.50 percent while revenues escalated 13.01 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.22 per share from $ 184.80 million in revenue. The bottom line results beat street analysts by $ 0.3 or 136.36 percent, at the same time, top line results outshined analysts by $ 32.90 million or 17.80 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GLDD was $ 8.64, representing a 28.00 % increase from the 52 week low of $ 6.75 and a 27.76 % decrease over the 52 week high of $ 11.96.
The company has a market capital of $ 559.83 million and is part of the Industrials sector and Engineering & Construction industry.
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Conference Call
Great Lakes Dredge & Dock Corporation will be hosting a conference call at 9:00 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gldd.com
Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company is involved in capital dredging that consists of port expansion projects, coastal restoration and land reclamations, trench digging for pipelines, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It also engages in channel deepening and port infrastructure development; coastal protection projects; re-dredging previously deepened waterways and harbors; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects.
