Great Lakes Dredge & Dock (Nasdaq: GLDD) is expected to report Q2 earnings around Aug. 6. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Great Lakes Dredge & Dock's revenues will grow 15.1% and EPS will expand 14.3%.

The average estimate for revenue is $191.6 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
Last quarter, Great Lakes Dredge & Dock booked revenue of $188.8 million. GAAP reported sales were 22% higher than the prior-year quarter's $154.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
Last quarter, EPS came in at $0.01. GAAP EPS of $0.01 for Q1 were 50% lower than the prior-year quarter's $0.02 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
For the preceding quarter, gross margin was 13.7%, 80 basis points better than the prior-year quarter. Operating margin was 4.4%, much about the same as the prior-year quarter. Net margin was 0.2%, 50 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $774.2 million. The average EPS estimate is $0.32.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 157 members out of 168 rating the stock outperform, and 11 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Great Lakes Dredge & Dock a green thumbs-up, and four 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 outperform, with an average price target of $8.50.

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