Great Lakes Dredge & Dock Beats on the Top Line
Great Lakes Dredge & Dock (NAS: GLDD) filed its 10-K on March 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Great Lakes Dredge & Dock missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share stayed the same.
Gross margin dropped, operating margin expanded, and net margin grew.
Great Lakes Dredge & Dock chalked up revenue of $158.6 million. The three analysts polled by S&P Capital IQ predicted sales of $167.9 million on the same basis. GAAP reported sales were 7.8% lower than the prior-year quarter's $172.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.12. The three earnings estimates compiled by S&P Capital IQ predicted $0.08 per share. GAAP EPS of $0.12 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 11.6%, 290 basis points worse than the prior-year quarter. Operating margin was 4.1%, 90 basis points better than the prior-year quarter. Net margin was 4.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $160.0 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $684.8 million. The average EPS estimate is $0.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 168 members out of 180 rating the stock outperform, and 12 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Great Lakes Dredge & Dock a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Great Lakes Dredge & Dock is buy, with an average price target of $7.75.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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