Apparently shareholders aren't keen to offload something that is potentially eyeing a more prosperous future. With this information, we can see why Great Lakes Dredge & Dock is trading at such a high P/E compared to the market. Meanwhile, the rest of the market is forecast to only expand by 12%, which is noticeably less attractive. Shifting to the future, estimates from the twin analysts covering the company suggest earnings should grow by 82% over the next year. Accordingly, shareholders probably wouldn't have been overly satisfied with the unstable medium-term growth rates. Unfortunately, that's brought it right back to where it started three years ago with EPS growth being virtually non-existent overall during that time. Retrospectively, the last year delivered a frustrating 49% decrease to the company's bottom line. Great Lakes Dredge & Dock's P/E ratio would be typical for a company that's expected to deliver very strong growth, and importantly, perform much better than the market. Is There Enough Growth For Great Lakes Dredge & Dock? NasdaqGS:GLDD Price Based on Past Earnings August 13th 2021 Want the full picture on analyst estimates for the company? Then our free report on Great Lakes Dredge & Dock will help you uncover what's on the horizon.
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