Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is expected to report third quarter earnings results, before market open, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.16 per share.
Looking ahead, the full year income are expected at $ 0.98 per share on the revenues of $ 738.05 million.
Previous Quarter Performance
Great Lakes Dredge & Dock Corporation outlined income for the second quarter of $ 0.14 per share, from the revenue of $ 167.92 million. The quarterly earnings decreased 22.22 percent while revenues decreased 9.14 percent compared with the same quarter last year.
According to street consensus, GLDD was expected to report 2Q20 income of $ 0.10 per share from revenue of $ 163.90 million. The bottom line results beat street analysts by $ 0.04 or 40.00 percent, at the same time, top line results outshined analysts by $ 4.02 million or 2.45 percent.
Stock Performance
Shares of Great Lakes Dredge & Dock Corporation traded up $ 0.08 or 0.78 percent on Tuesday, reaching $ 10.40 with volume of 233.10 thousand shares. Great Lakes Dredge & Dock Corporation has traded high as $ 10.63 and has cracked $ 10.25 on the downward trend
According to the previous trading day, closing price of $ 10.40, representing a 52.89 % increase from the 52 week low of $ 6.75 and a 13.71 % decrease over the 52 week high of $ 11.96.
The company has a market capital of $ 675.45 million and is part of the Industrials sector and Engineering & Construction industry.
Conference Call
Great Lakes Dredge & Dock Corporation will be hosting a conference call at 9:00 AM eastern time on 4th November 2020, to discuss its 3Q20 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.
