Great Lakes Dredge & Dock Earnings: Everything You Must Know Now

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Great Lakes Dredge & Dock Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 50% to $0.01 in the quarter versus EPS of $0.02 in the year-earlier quarter.

Revenue: Rose 21.88% to $188.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Great Lakes Dredge & Dock Corporation reported adjusted EPS income of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.04. It beat the average revenue estimate of $168.93 million.

Quoting Management: Jonathan Berger, Chief Executive Officer stated, “For the three months ended March 31, 2013, Great Lakes reported Revenue of $188.8 million, Net Income of $0.4 million and Adjusted EBITDA of $18.1 million. Our first quarter results reflect excellent performance in the dredging segment and challenges in the demolition segment. We continue to strive for strong execution and growth in all of our operations, with a particular focus on improvements required in demolition.”

Key Stats (on next page)…

Revenue decreased 5.31% from $199.38 million in the previous quarter. EPS were the same at $0.01 as the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.16 to a profit $0.09. For the current year, the average estimate has moved down from a profit of $0.61 to a profit of $0.36 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , ,  

More from The Cheat Sheet