Nonetheless, this indicates an improvement of 700% from the year-ago quarter. The Zacks Consensus Estimate for the quarter to be reported is pegged at 12 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. Also, the said figure increased 44.2% from the prior-year quarter, backed by strong production and impressive project performance. Quarterly revenues of $192.6 million topped analysts’ expectation by 7%. Also, it reported earnings of 32 cents per share in the first quarter, turning around from a loss of 11 cents in the year-ago period. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 357.1%. 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 547.6%. Great Lakes Dredge & Dock Corporation GLDD is slated to report second-quarter 2019 results on Jul 31.
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