Great Lakes Dredge & Dock Corporation Price and EPS Surprise Revenues are expected to be $180 million, suggesting a 22.8% year-over-year increase. Nonetheless, this indicates an improvement of 200% from the year-ago quarter. The Zacks Consensus Estimate for the quarter to be reported is pegged at 7 cents, remaining stable over the past 60 days. Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release. Nonetheless, the said figure increased 13.4% from the prior-year quarter, backed by strong utilization of vessels in its capital and rivers and lakes projects. However, quarterly revenues of $173.2 million missed analysts’ expectation by 4%. Also, earnings increased 16.7% year over year.

In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 1300%. This largest provider of dredging services in the United States has a strong record of earnings surprises, having surpassed the Zacks Consensus Estimate in the trailing four quarters, with the average being an impressive 474.1%. Great Lakes Dredge & Dock Corporation GLDD is slated to report first-quarter 2019 results on Apr 30.

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