Should you consider NASDAQ:GLDD for growth investing?

In this article we will dive into GREAT LAKES DREDGE & DOCK CO (NASDAQ:GLDD) as a possible candidate for growth investing. Investors should always do their own research, but we noticed GREAT LAKES DREDGE & DOCK CO showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

Looking into the growth metrics of GREAT LAKES DREDGE & DOCK CO

• GREAT LAKES DREDGE & DOCK CO showcases a robust Return on Equity (ROE) of 13.89%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• With a track record of beating EPS estimates 3 times in the last 4 quarters, GREAT LAKES DREDGE & DOCK CO showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• GREAT LAKES DREDGE & DOCK CO has achieved significant 1-year revenue growth of 33.73%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
• GREAT LAKES DREDGE & DOCK CO has experienced 63.14% q2q revenue growth, indicating a significant sales increase.
• GREAT LAKES DREDGE & DOCK CO has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• With a favorable trend in its free cash flow (FCF) over the past year, GREAT LAKES DREDGE & DOCK CO demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• GREAT LAKES DREDGE & DOCK CO has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 244.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• The average next Quarter EPS Estimate by analysts was adjusted by 8.33%, reflecting the evolving market expectations for the company's EPS growth.
• In the most recent financial report, GREAT LAKES DREDGE & DOCK CO reported a 244.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The earnings per share (EPS) growth of GREAT LAKES DREDGE & DOCK CO are accelerating: the current Q2Q growth of 244.0% is above the previous year Q2Q growth of 40.0%. Earnings momentum and acceleration are key for high growth systems.

Fundamental analysis of NASDAQ:GLDD

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Overall GLDD gets a fundamental rating of 4 out of 10. We evaluated GLDD against 44 industry peers in the Construction & Engineering industry. GLDD has a medium profitability rating, but doesn't score so well on its financial health evaluation. GLDD is not valued too expensively and it also shows a decent growth rate.

Our latest full fundamental report of GLDD contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our Lois Navellier screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.