Great Lakes Dredge & Dock
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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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 of Motley 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.