Great Lakes Dredge & Dock Beats on the Top Line

Great Lakes Dredge & Dock (Nasdaq: 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.

Revenue details
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.

anImage

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

EPS details
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.

anImage

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

Margin details
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.

Looking ahead
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.

Investor sentiment
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.

Over the decades, small-cap stocks like Great Lakes Dredge & Dock have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.

  • Add Great Lakes Dredge & Dock to My Watchlist.

No comments:

Post a Comment