The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates just once over the last four quarters. This compares to year-ago revenues of $164.30 million. Great Lakes Dredge & Dock, which belongs to the Zacks Building Products - Heavy Construction industry, posted revenues of $172.15 million for the quarter ended December 2020, missing the Zacks Consensus Estimate by 8.92%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. A quarter ago, it was expected that this provider of dredging and dock-contracting services would post earnings of $0.17 per share when it actually produced earnings of $0.19, delivering a surprise of 11.76%. This quarterly report represents an earnings surprise of -20%. These figures are adjusted for non-recurring items. This compares to earnings of $0.23 per share a year ago. Great Lakes Dredge & Dock ( GLDD Quick Quote GLDD - Free Report) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.20 per share.
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