Great Lakes Dredge & Dock Corporation Price & Performance (GLDD)

Great Lakes Dredge & Dock shares climbed 1.03% to $8.81, outperforming broader markets. Despite a recent three-year decline of 43%, analysts have upgraded the stock to a buy candidate, citing positive short-term signals. However, forecasts suggest a possible short-term pullback, with a wide trading range expected in the coming months.123

Projections for Great Lakes Dredge & Dock's next earnings report indicate a 5.66% revenue rise to $209.9 million, while earnings per share are expected to fall 19.35% year-over-year to $0.25. Annual forecasts show modest revenue gains but a decline in overall profitability, reflecting mixed sentiment in the construction sector.14

Great Lakes Dredge & Dock trades at a P/E ratio of 10.67, below both sector and market averages, suggesting reasonable valuation. While earnings are projected to grow by over 23% next year, a recent uptick in short interest signals growing caution among investors, even as analysts maintain a buy consensus.56