Latest news with #GLDD
Yahoo
4 days ago
- Business
- Yahoo
Great Lakes Dredge & Dock (GLDD) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Great Lakes Dredge & Dock (GLDD) closed at $11.58, marking a -1.53% move from the previous day. This move lagged the S&P 500's daily loss of 0.84%. Elsewhere, the Dow saw a downswing of 0.7%, while the tech-heavy Nasdaq depreciated by 0.91%. Shares of the provider of dredging and dock-contracting services have appreciated by 5% over the course of the past month, outperforming the Construction sector's loss of 0%, and the S&P 500's gain of 1.44%. Investors will be eagerly watching for the performance of Great Lakes Dredge & Dock in its upcoming earnings disclosure. The company is expected to report EPS of $0.08, down 27.27% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $174.33 million, indicating a 2.49% growth compared to the corresponding quarter of the prior year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.96 per share and revenue of $816.02 million. These totals would mark changes of +14.29% and +6.99%, respectively, from last year. Investors should also note any recent changes to analyst estimates for Great Lakes Dredge & Dock. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Great Lakes Dredge & Dock boasts a Zacks Rank of #1 (Strong Buy). Looking at valuation, Great Lakes Dredge & Dock is presently trading at a Forward P/E ratio of 12.29. This represents a discount compared to its industry average Forward P/E of 20.6. One should further note that GLDD currently holds a PEG ratio of 1.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Heavy Construction industry had an average PEG ratio of 1.38 as trading concluded yesterday. The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 3, this industry ranks in the top 2% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Great Lakes Dredge & Dock Corporation (GLDD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-06-2025
- Business
- Yahoo
Great Lakes Stock Trading at a Discount: Is It Buy Time Now?
Great Lakes Dredge & Dock Corporation's GLDD current valuation is enticing for investors. Currently, the stock is trading below its industry peers with a forward 12-month price-to-earnings (P/E) ratio of 12.43X, as evidenced by the chart below. Moreover, the discounted valuation of GLDD compares favorably with a few of the other market players, including Orion Group Holdings, Inc. ORN, Quanta Services, Inc. PWR and Granite Construction Incorporated GVA. The 12-month P/E ratios of Orion Group, Quanta and Granite Construction are 31.69X, 32.73X and 13.98X, respectively. Image Source: Zacks Investment Research The discounted valuation of GLDD stock, compared with its peers, advocates for an attractive entry point for investors. That said, in the long term, the valuation could move toward a premium, given the strong market fundamentals backing the company's revenue visibility and Texas-based dredging services provider is mainly gaining from large-scale capital and coastal protection projects compared with mainstream maintenance dredging. Thanks to its resilience in offering such services, it enjoys a competitive edge in the market. Moreover, its new build program, proposed in 2020, catalyzes its ability to offer such services efficiently and expand the margins in the process. With such favorable market fundamentals and its in-house capabilities, the company is consistently able to enhance its liquidity position, thus increasing space for strategic long-term investments and shareholder GLDD's shares have soared 34.6% in the past three months, outperforming the Zacks Building Products - Heavy Construction industry, the broader Zacks Construction sector and the S&P 500 index. The detailed price performance can be studied from the chart below. Image Source: Zacks Investment Research Let's delve deeper into understanding the factors driving GLDD's momentum. Great Lakes is significantly benefiting from the robust demand trends for large-scale capital and coastal protection projects. This is because it houses the specifications that are required to offer these services, differing from maintenance dredging, allowing it a competitive advantage over other market players like Orion Group, which mainly offers mainstream dredging services. As of March 31, 2025, GLDD's substantial dredging backlog was $1 billion compared with $879.4 million as of last year's first quarter, with capital and coastal protection projects accounting for 95% of the total dredging main driver for coastal restoration projects is the increased government funding for infrastructure projects, at the state and federal levels, due to the U.S. Army Corps of Engineers or FEMA-backed initiatives backed by the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA). These projects being government-funded, reduce payment failure risks, and with being larger in scale and having longer duration, it also ensures efficient asset utilization. Such characteristics of these projects not only boost the company's revenue visibility but also foster its margin growth. Tailwinds from public infrastructure spending are also aiding other market players like Quanta and Granite Construction. Proposed in 2020, the new build program was approved and rolled out to renew and modernize GLDD's fleet. Through this program, the company mainly aims to stand tall for offering services in coastal restoration and shoreline protection, establishing a resilient business model. As part of this program, the company is currently undergoing construction of Acadia, the first U.S.-flagged Jones Act-compliant subsea rock installation vessel, which is expected to be delivered by the first quarter of 2026. Acadia will be considered for domestic and international offshore wind projects alongside critical subsea infrastructure protection the newest hopper dredge, the Amelia Island (expected delivery in the third quarter of 2025) and the Galveston Island have been designed specifically by GLDD to work efficiently in shallow and narrow waters along the U.S. coastlines, specifically for coastal protection projects such as beach restoration, wetlands improvements and Barrier Island construction. With the program wrapping up by the end of 2025 or the beginning of 2026, the company expects to witness incremental revenue trends and increased free cash flow thereafter. Given the current market uncertainties and an inflationary scenario, maintaining a substantial liquidity position alongside making strategic business investments is a strenuous task. Great Lakes is managing this job just fine by leveraging its increasing top line and almost concluding its investment of March 31, 2025, GLDD had cash and cash equivalents of $11.3 million, up from $10.2 million at 2024-end. Net cash from operating activities, as of the same period, was $60.9 million, up year over year from $38.4 million, attributable to higher earnings in the period and an increase in billings above contract revenues. With no debt maturities until 2029 and liquidity of more than $300 million, the company has a stable liquidity position to function in an uncertain market scenario. GLDD's earnings estimates for 2025 and 2026 have trended upward in the past 60 days by 39.1% to 96 cents per share and 11.8% to 95 cents, respectively. The estimated figure for 2025 reflects 14.3% year-over-year growth, with the same for 2026 indicating a 0.4% inch-down. EPS Trend Image Source: Zacks Investment Research Technical indicators suggest a continued strong performance for Great Lakes. From the graphical representation given below, it can be observed that GLDD stock is riding above both the 50-day simple moving average (SMA) and the 200-day SMA, signaling a bullish trend. The technical strength underscores positive market sentiment and confidence in GLDD's financial health and prospects. 50 & 200-Day Moving Averages Image Source: Zacks Investment Research As discussed above, strong demand trends for large-scale capital and coastal protection projects, backed by a favorable government funding scenario in the US, are the main driving factors for Great Lakes' revenues and margins. The company's competitive edge over its peers for offering these services, thanks to its multi-year new build program, is an added catalyst amid the favorable market optimism regarding GLDD stock is reflected in three of the three recommendations pointing at a "Strong Buy'. Image Source: Zacks Investment Research Thus, based on the above discussion and trends of the technical indicators, this Zacks Rank #1 (Strong Buy) stock is a decent choice to be added to the portfolio for now. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Orion Group Holdings, Inc. (ORN) : Free Stock Analysis Report Great Lakes Dredge & Dock Corporation (GLDD) : Free Stock Analysis Report Granite Construction Incorporated (GVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
3 Small-Cap Stocks Playing with Fire
Investors looking for hidden gems should keep an eye on small-cap stocks because they're frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets. These trade-offs can cause headaches for even the most seasoned professionals, which is why we started StockStory - to help you separate the good companies from the bad. That said, here are three small-cap stocks to swipe left on and some alternatives you should look into instead. Market Cap: $917.8 million Founded in 1978 in California, BJ's Restaurants (NASDAQ:BJRI) is a chain of restaurants whose menu features classic American dishes, often with a twist. Why Should You Sell BJRI? Weak same-store sales trends over the past two years suggest there may be few opportunities in its core markets to open new restaurants Gross margin of 14.3% is below its competitors, leaving less money for marketing and promotions Underwhelming 0.9% return on capital reflects management's difficulties in finding profitable growth opportunities BJ's stock price of $41.50 implies a valuation ratio of 23.7x forward P/E. Check out our free in-depth research report to learn more about why BJRI doesn't pass our bar. Market Cap: $726.1 million Founded as Lydon & Drews dredging company, Great Lakes Dredge & Dock (NASDAQ:GLDD) provides dredging services, land reclamation, and coastal protection projects in the United States and internationally. Why Do We Pass on GLDD? Muted 1.8% annual revenue growth over the last five years shows its demand lagged behind its industrials peers Free cash flow margin dropped by 16.4 percentage points over the last five years, implying the company became more capital intensive as competition picked up Diminishing returns on capital from an already low starting point show that neither management's prior nor current bets are going as planned At $10.70 per share, Great Lakes Dredge & Dock trades at 15.4x forward P/E. To fully understand why you should be careful with GLDD, check out our full research report (it's free). Market Cap: $95.85 million Formerly known as Nuturn, NN (NASDAQ:NNBR) provides metal components, bearings, and plastic and rubber components to the automotive, aerospace, medical, and industrial sectors. Why Should You Dump NNBR? Products and services are facing significant end-market challenges during this cycle as sales have declined by 1.3% annually over the last five years Earnings per share decreased by more than its revenue over the last five years, showing each sale was less profitable Cash burn has widened over the last five years, making us question whether it can reliably generate shareholder value NN is trading at $1.88 per share, or 285.3x forward P/E. Dive into our free research report to see why there are better opportunities than NNBR. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
4 Stocks Showing Strong Relative Price Strength Right Now
The U.S. stock market continues to show strength despite recent concerns over the nation's credit downgrade and fiscal outlook. Over the past few days, major indexes finished higher, driven by optimism surrounding the U.S.-China trade talks. A temporary 90-day pause in tariffs, along with the agreement to lower mutual tariffs to 10%, injected a wave of positive sentiment into Wall Street. The S&P 500, for example, extended its winning streak and has now closed higher in 16 of the past 19 trading were also buoyed by easing inflation indicators, with both CPI and PPI showing signs of cooling. While the Moody's downgrade has raised long-term concerns about debt and borrowing costs, the focus remains on near-term growth momentum and improving global trade this type of environment, using relative price strength as an investment strategy makes sense. Investors can benefit by focusing on stocks outperforming the broader this stage, investors would be wise to consider stocks such as Great Lakes Dredge & Dock Corporation GLDD, Sprouts Farmers Market, Inc. SFM, EverQuote, Inc. EVER and Encompass Health Corp. EHC based on their relative price strength. Investors generally gauge a stock's potential returns by examining earnings growth and valuation multiples. At the same time, it's essential to measure the performance of such a stock relative to its industry, peers, or an appropriate you see that a stock is underperforming on fundamental factors, it would be prudent to move on and find a better alternative. However, those outperforming their respective sectors in terms of price should be selected because they stand a better chance of providing considerable again, it is imperative that you determine whether or not an investment has relevant upside potential when considering stocks with significant relative price strength. Stocks delivering better than the S&P 500 for 1 to 3 months, at least, and having solid fundamentals indicate room for growth and are the best ways to go about this it is crucial to find out whether analysts are optimistic about the upcoming earnings of these companies. In order to do this, we have added positive estimate revisions for the current quarter's (Q1) earnings to our screen. When a stock undergoes an upward revision, it leads to additional price ParametersRelative % Price change – 12 weeks greater than 0Relative % Price change – 4 weeks greater than 0Relative % Price change – 1 week greater than 0(We have considered those stocks that have been outperforming the S&P 500 over the last 12 weeks, four weeks and one week.)% Change (Q1) Est. over 4 Weeks greater than 0: Positive current-quarter estimate revisions over the last four Rank equal to 1: Only Zacks Rank #1 (Strong Buy) stocks — that have returned more than 26% annually over the last 26 years and surpassed the S&P 500 in 23 of the last 26 years — can get through. You can see the complete list of today's Zacks #1 Rank stocks Price greater than or equal to $5 and Average 20-day Volume greater than or equal to 50,000: A minimum price of $5 is a good standard to screen low-priced stocks, while a high trading volume would imply adequate Score less than or equal to B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside are the four stocks that made it through the screen:Great Lakes Dredge & Dock: It is America's top dredging contractor. Headquartered in Houston, it operates a vast fleet of 200 vessels and is expanding into offshore energy. The company also has a strong record of global marine project execution. The Zacks Consensus Estimate for 2025 earnings of Great Lakes indicates 10.7% growth. The company has a VGM Score of the past 30 days, the Zacks Consensus Estimate for Great Lakes' 2025 earnings has moved up 34.8%. The company has a market capitalization of $760.8 million. GLDD shares have gone up 15.6% in a Farmers Market: Headquartered in Phoenix, AZ, the company operates in a highly fragmented grocery store industry, has a unique model that features fresh produce, foods section, and a vitamin department focused on overall wellness. The Zacks Consensus Estimate for 2025 earnings for Sprouts Farmers Market indicates 35.5% growth. It has a VGM Score of Farmers Market beat the Zacks Consensus Estimate for earnings in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 16.5%, on average. Sprouts Farmers Market shares have jumped 115.4% in a Based in Cambridge, MA, EverQuote operates an online marketplace for consumers shopping for auto, home and renters and life insurance. The company has a market capitalization of $867 million. EverQuote has a VGM Score of Zacks Consensus Estimate for the company's 2025 earnings per share indicates 33% year-over-year growth. EverQuote beat the Zacks Consensus Estimate for earnings in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 122.6%, on average. The firm's shares have lost 3.5% in a Health: Based in Birmingham, AL, Encompass Health offers facility-based patient care through its network of inpatient rehabilitation hospitals. The Zacks Consensus Estimate for 2025 earnings of Encompass Health indicates 13.1% growth. It has a VGM Score of Health beat the Zacks Consensus Estimate for earnings in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 312.3%, on average. EHC shares have risen 41.2% in a year. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EverQuote, Inc. (EVER) : Free Stock Analysis Report Great Lakes Dredge & Dock Corporation (GLDD) : Free Stock Analysis Report Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report Encompass Health Corporation (EHC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
1 Profitable Stock to Keep an Eye On and 2 to Brush Off
A company with profits isn't always a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential. Not all profitable companies are created equal, and that's why we built StockStory - to help you find the ones that truly shine bright. That said, here is one profitable company that balances growth and profitability and two that may face some trouble. Trailing 12-Month GAAP Operating Margin: 1.9% Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices Why Should You Sell KLIC? Annual sales declines of 17.2% for the past two years show its products and services struggled to connect with the market during this cycle Sales are projected to tank by 8.8% over the next 12 months as its demand continues evaporating Day-to-day expenses have swelled relative to revenue over the last five years as its operating margin fell by 16.4 percentage points Kulicke and Soffa is trading at $34.25 per share, or 20.3x forward P/E. Read our free research report to see why you should think twice about including KLIC in your portfolio, it's free. Trailing 12-Month GAAP Operating Margin: 13.4% Founded as Lydon & Drews dredging company, Great Lakes Dredge & Dock (NASDAQ:GLDD) provides dredging services, land reclamation, and coastal protection projects in the United States and internationally. Why Are We Out on GLDD? Annual revenue growth of 1.8% over the last five years was below our standards for the industrials sector Free cash flow margin dropped by 16.4 percentage points over the last five years, implying the company became more capital intensive as competition picked up Diminishing returns on capital from an already low starting point show that neither management's prior nor current bets are going as planned At $11.50 per share, Great Lakes Dredge & Dock trades at 16.1x forward P/E. To fully understand why you should be careful with GLDD, check out our full research report (it's free). Trailing 12-Month GAAP Operating Margin: 13.9% Founded in 2004 followed by a 2021 IPO, The Vita Coco Company (NASDAQ:COCO) offers coconut water products that are a natural way to quench thirst. Why Is COCO on Our Radar? Stellar 8.4% growth in unit sales over the past two years demonstrates the high demand for its products Earnings growth has trumped its peers over the last three years as its EPS has compounded at 46.9% annually Industry-leading 33.4% return on capital demonstrates management's skill in finding high-return investments, and its returns are growing as it capitalizes on even better market opportunities Vita Coco's stock price of $33.25 implies a valuation ratio of 27.9x forward P/E. Is now a good time to buy? See for yourself in our in-depth research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free.
