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GLDD

Great Lakes Dredge

$15.41 /

+0.16 (+1.05%)

08:04
11/02/21
11/02
08:04
11/02/21
08:04

Great Lakes Dredge reports Q3 EPS 21c, three estimates 26c

Reports Q3 revenue $168.6M, three estimates $204.57M. Lasse Petterson, President and Chief Executive Officer commented, "We ended the third quarter with improved results and a solid backlog. In the first half of 2021, our operations saw substantial negative impacts from the COVID-19 pandemic... Although our stringent safety protocols and increasing vaccination efforts were successful, we did experience some lingering COVID-19 related costs in the third quarter. The direct COVID-19 costs were $2.1 million in the third quarter, for a total of $9.4 million year to date. Indirect COVID-19 cost impacts are not easily quantified, however we have seen a decrease in our realized project margins which we attribute in part due to inefficiencies caused by COVID-19. Today our safety protocols and our vaccination efforts have resulted in improved project performance and we are confident that our continued efforts will ensure reduced COVID-19 related impacts to our operations going forward... We ended the quarter with net income of $13.8 million and Adjusted EBITDA of $32.2 million compared to the third quarter of 2020 that ended with $12.5 million of net income and $32.2 million in Adjusted EBITDA. Given project activity in which we are currently engaged, coupled with our backlog, new project awards, and fewer vessel drydocks for the remainder of the year, we expect improved results in the fourth quarter of 2021. Unfortunately, even with improving results we do not expect to achieve our original expectations for 2021. We continue to be confident in the domestic bid market and 2021 is shaping up to be as strong as 2020. During the third quarter, Great Lakes was awarded $300.5 million in work resulting in a year to date 37.1% bid market share bringing our third quarter backlog to $598.5 million. In addition, we ended the quarter with $533.9 million in low bids and options pending award. Post quarter end, Great Lakes was awarded the Oak Island beach renourishment project for $17.1 million, the South Atlantic Regional Harbor Dredging project for $25.8 million, and we have added an additional $106.9 million to low bids pending award, which includes the Houston Project 11 Deepening that was announced by the Port of Houston"

  • 02

    Nov

OTHER BREAKING NEWS FROM THE FLY

Conference/Events
Cowen digital analysts to hold an analyst/industry conference call » 11:19
05/26/22
05/26
11:19
05/26/22
11:19

Digital Analysts Forman…

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Recommendations
Quisitive Technology price target lowered to C$2.20 from C$2.60 at Scotiabank » 11:17
05/26/22
05/26
11:17
05/26/22
11:17
QUISF

Quisitive Technology

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02/23/22 Canaccord
Quisitive Technology price target lowered to C$2 from C$2.30 at Canaccord
02/22/22 Scotiabank
Quisitive Technology price target lowered to C$2.60 from C$2.90 at Scotiabank
08/31/21 Raymond James
Quisitive Technology price target raised to C$2.20 from C$2 at Raymond James
07/08/21 Scotiabank
Quisitive Technology initiated with an Outperform at Scotiabank
Hot Stocks
FDA reports Abbott recalls Dragonfly OpStar Imaging Catheter » 11:17
05/26/22
05/26
11:17
05/26/22
11:17
ABT

Abbott

$114.20 /

+1 (+0.88%)

Abbott is recalling…

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ABT Abbott
$114.20 /

+1 (+0.88%)

ABT Abbott
$114.20 /

+1 (+0.88%)

05/25/22 Lake Street
Lake Street says diabetes industry consolidation unlikely to hurt Tandem
05/17/22 Citi
Abbott price target lowered to $125 from $154 at Citi
04/21/22 Raymond James
Abbott price target lowered to $135 from $143 at Raymond James
04/08/22 Wells Fargo
Abbott price target lowered to $150 from $155 at Wells Fargo
ABT Abbott
$114.20 /

+1 (+0.88%)

ABT Abbott
$114.20 /

+1 (+0.88%)

ABT Abbott
$114.20 /

+1 (+0.88%)

ABT Abbott
$114.20 /

+1 (+0.88%)

Technical Analysis
NASDAQ market internals summary » 11:17
05/26/22
05/26
11:17
05/26/22
11:17
$NSD

NASDAQ Market Internals

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Volume is above average…

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Recommendations
Bank of Montreal price target raised to C$159 from C$158 at Scotiabank » 11:16
05/26/22
05/26
11:16
05/26/22
11:16
BMO

Bank of Montreal

$105.39 /

+1.79 (+1.73%)

Scotiabank analyst Meny…

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BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

11:15 Today TD Securities
Bank of Montreal price target lowered to C$155 from C$160 at TD Securities
05/20/22 Scotiabank
Bank of Montreal price target lowered to C$158 from C$161 at Scotiabank
05/20/22 Credit Suisse
Bank of Montreal initiated with an Outperform at Credit Suisse
04/13/22 Scotiabank
Bank of Montreal price target lowered to C$161 from C$168 at Scotiabank
BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

Recommendations
Bank of Nova Scotia price target raised to C$90 from C$88 at TD Securities » 11:16
05/26/22
05/26
11:16
05/26/22
11:16
BNS

Bank of Nova Scotia

$66.26 /

+0.91 (+1.39%)

TD Securities analyst…

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BNS Bank of Nova Scotia
$66.26 /

+0.91 (+1.39%)

BNS Bank of Nova Scotia
$66.26 /

+0.91 (+1.39%)

05/17/22 BofA
Bank of Nova Scotia downgraded to Neutral from Buy at BofA
04/11/22 CIBC
Bank of Nova Scotia downgraded to Neutral from Outperformer at CIBC
04/08/22 Stifel
Bank of Nova Scotia price target lowered to C$106 from C$107 at Stifel
03/10/22 TD Securities
Bank of Nova Scotia downgraded to Hold from Buy at TD Securities
BNS Bank of Nova Scotia
$66.26 /

+0.91 (+1.39%)

BNS Bank of Nova Scotia
$66.26 /

+0.91 (+1.39%)

Technical Analysis
NYSE market internals summary » 11:16
05/26/22
05/26
11:16
05/26/22
11:16
$NYE

NYSE Market Internals

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Volume is above average…

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Recommendations
Bank of Montreal price target lowered to C$155 from C$160 at TD Securities » 11:15
05/26/22
05/26
11:15
05/26/22
11:15
BMO

Bank of Montreal

$105.39 /

+1.79 (+1.73%)

TD Securities analyst…

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BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

05/20/22 Scotiabank
Bank of Montreal price target lowered to C$158 from C$161 at Scotiabank
05/20/22 Credit Suisse
Bank of Montreal initiated with an Outperform at Credit Suisse
04/13/22 Scotiabank
Bank of Montreal price target lowered to C$161 from C$168 at Scotiabank
04/08/22 Stifel
Bank of Montreal price target lowered to C$171 from C$172 at Stifel
BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

BMO Bank of Montreal
$105.39 /

+1.79 (+1.73%)

Hot Stocks
Jack in the Box intends to resume share repurchases in back half of year » 11:11
05/26/22
05/26
11:11
05/26/22
11:11
JACK

Jack in the Box

$68.80 /

-2.07 (-2.92%)

Jack in the Box CFO…

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JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

05/24/22 Oppenheimer
Jack in the Box price target lowered to $107 from $115 at Oppenheimer
05/18/22 UBS
Jack in the Box price target lowered to $85 from $93 at UBS
04/12/22 Citi
Jack in the Box initiated with a Neutral at Citi
02/28/22 Gordon Haskett
Jack in the Box downgraded at Gordon Haskett on reduced visibility
JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

General news
May Kansas City Fed manufacturing index level 23, consensus 32  11:07
05/26/22
05/26
11:07
05/26/22
11:07
$ECON

Economic Data

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$ECON Economic Data
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$ECON Economic Data
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$ECON Economic Data
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Recommendations
Wedbush keeps Underperform on GameStop citing valuation and cash burn concerns » 11:05
05/26/22
05/26
11:05
05/26/22
11:05
GME

GameStop

$138.50 /

+23.4 (+20.33%)

Wedbush analyst Michael…

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GME GameStop
$138.50 /

+23.4 (+20.33%)

GME GameStop
$138.50 /

+23.4 (+20.33%)

03/28/22 B. Riley
Bed Bath & Beyond price target raised to $26 from $19 at B. Riley
03/18/22 Wedbush
GameStop price target lowered to $30 from $45 at Wedbush
03/08/22 BofA
Bed Bath's buybuy BABY 'not worth' several billion dollars, says BofA
01/19/22 Jefferies
GameStop price target lowered to $100 from $145 at Jefferies
GME GameStop
$138.50 /

+23.4 (+20.33%)

GME GameStop
$138.50 /

+23.4 (+20.33%)

GME GameStop
$138.50 /

+23.4 (+20.33%)

GME GameStop
$138.50 /

+23.4 (+20.33%)

General news
Treasury Action: bonds are mixed » 11:05
05/26/22
05/26
11:05
05/26/22
11:05
$ECON

Economic Data

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Treasury Action: bonds…

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$ECON Economic Data
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$ECON Economic Data
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Conference/Events
Jefferies fintech/payments analyst holds analyst/industry conference call » 10:57
05/26/22
05/26
10:57
05/26/22
10:57

FinTech Analyst Williams,…

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Downgrade
VMware downgraded to Neutral from Overweight at Piper Sandler » 10:56
05/26/22
05/26
10:56
05/26/22
10:56
VMW

VMware

$123.38 /

+2.84 (+2.36%)

Piper Sandler analyst…

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VMW VMware
$123.38 /

+2.84 (+2.36%)

VMW VMware
$123.38 /

+2.84 (+2.36%)

05/25/22 Citi
Citi says Broadcom deal accretion to be offset by 'conglomerate discount'
05/24/22 Mizuho
Broadcom could triple software revenue with VMware, says Mizuho
05/24/22 Piper Sandler
Broadcom deal for VMware 'makes perfect sense,' says Piper Sandler
05/23/22 Jefferies
VMware price target lowered to $105 from $125 at Jefferies
VMW VMware
$123.38 /

+2.84 (+2.36%)

VMW VMware
$123.38 /

+2.84 (+2.36%)

VMW VMware
$123.38 /

+2.84 (+2.36%)

VMW VMware
$123.38 /

+2.84 (+2.36%)

Hot Stocks
JetBlue up nearly 5% to $10.76 after providing updated guidance  10:55
05/26/22
05/26
10:55
05/26/22
10:55
JBLU

JetBlue

$10.76 /

+0.495 (+4.82%)

 
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JBLU JetBlue
$10.76 /

+0.495 (+4.82%)

JBLU JetBlue
$10.76 /

+0.495 (+4.82%)

04/26/22 JPMorgan
JetBlue double downgraded to Underweight from Overweight at JPMorgan
04/22/22 Deutsche Bank
JetBlue downgraded to Hold on headwinds at Deutsche Bank
04/22/22 Deutsche Bank
JetBlue downgraded to Hold from Buy at Deutsche Bank
04/12/22 Wolfe Research
JetBlue downgraded to Underperform from Peer Perform at Wolfe Research
JBLU JetBlue
$10.76 /

+0.495 (+4.82%)

JBLU JetBlue
$10.76 /

+0.495 (+4.82%)

JBLU JetBlue
$10.76 /

+0.495 (+4.82%)

JBLU JetBlue
$10.76 /

+0.495 (+4.82%)

Earnings
Southwest raises Q2 operating revenue growth view » 10:53
05/26/22
05/26
10:53
05/26/22
10:53
LUV

Southwest

$44.77 /

+2.32 (+5.47%)

Southwest Airlines noted…

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LUV Southwest
$44.77 /

+2.32 (+5.47%)

LUV Southwest
$44.77 /

+2.32 (+5.47%)

05/11/22 William Blair
ViaSat deal with Southwest 'solidifies industry dominance,' says William Blair
05/02/22 Citi
Southwest price target raised to $53 from $48 at Citi
04/29/22 Raymond James
Southwest price target raised to $57 from $54 at Raymond James
04/29/22 JPMorgan
Southwest price target raised to $72 from $62 at JPMorgan
LUV Southwest
$44.77 /

+2.32 (+5.47%)

LUV Southwest
$44.77 /

+2.32 (+5.47%)

LUV Southwest
$44.77 /

+2.32 (+5.47%)

LUV Southwest
$44.77 /

+2.32 (+5.47%)

Hot Stocks
JetBlue now sees Q2 flown capacity up 2%-3% vs. 2Q19 » 10:52
05/26/22
05/26
10:52
05/26/22
10:52
JBLU

JetBlue

$10.73 /

+0.465 (+4.53%)

JetBlue said earlier on…

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JBLU JetBlue
$10.73 /

+0.465 (+4.53%)

JBLU JetBlue
$10.73 /

+0.465 (+4.53%)

04/26/22 JPMorgan
JetBlue double downgraded to Underweight from Overweight at JPMorgan
04/22/22 Deutsche Bank
JetBlue downgraded to Hold on headwinds at Deutsche Bank
04/22/22 Deutsche Bank
JetBlue downgraded to Hold from Buy at Deutsche Bank
04/12/22 Wolfe Research
JetBlue downgraded to Underperform from Peer Perform at Wolfe Research
JBLU JetBlue
$10.73 /

+0.465 (+4.53%)

JBLU JetBlue
$10.73 /

+0.465 (+4.53%)

JBLU JetBlue
$10.73 /

+0.465 (+4.53%)

JBLU JetBlue
$10.73 /

+0.465 (+4.53%)

Hot Stocks
National Storage increases quarterly dividend 10% to 55c per share » 10:52
05/26/22
05/26
10:52
05/26/22
10:52
NSA

National Storage

$51.57 /

+1.07 (+2.12%)

National Storage…

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NSA National Storage
$51.57 /

+1.07 (+2.12%)

NSA National Storage
$51.57 /

+1.07 (+2.12%)

05/25/22 Morgan Stanley
National Storage price target lowered to $52 from $60 at Morgan Stanley
12/13/21 BMO Capital
National Storage upgraded to Outperform from Market Perform at BMO Capital
12/01/21 Truist
National Storage price target raised to $61 from $57 at Truist
10/07/21 Berenberg
Berenberg starts five self-storage REITs with three Buy ratings
NSA National Storage
$51.57 /

+1.07 (+2.12%)

  • 21
    Jul
Recommendations
Piper says Apyx Medical label expansion 'positive on a couple of levels' » 10:45
05/26/22
05/26
10:45
05/26/22
10:45
APYX

Apyx Medical

$4.89 /

+1.185 (+31.98%)

After Apyx Medical…

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APYX Apyx Medical
$4.89 /

+1.185 (+31.98%)

APYX Apyx Medical
$4.89 /

+1.185 (+31.98%)

10:43 Today Craig-Hallum
Craig-Hallum expects Apyx to move higher after clearance for dermal resurfacing
05/20/22 Lake Street
Apyx Medical initiated with a Buy at Lake Street
05/12/22 Piper Sandler
Apyx Medical price target lowered to $6 from $12 at Piper Sandler
03/17/22 Piper Sandler
Apyx Medical price target lowered to $12 from $20 at Piper Sandler
APYX Apyx Medical
$4.89 /

+1.185 (+31.98%)

Options
Wendy's call volume above normal and directionally bullish » 10:45
05/26/22
05/26
10:45
05/26/22
10:45
WEN

Wendy's

$18.55 /

+0.69 (+3.86%)

Bullish option flow…

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WEN Wendy's
$18.55 /

+0.69 (+3.86%)

WEN Wendy's
$18.55 /

+0.69 (+3.86%)

05/25/22 MKM Partners
Wendy's may see more 'value unlocks' from strategic options, says MKM Partners
05/25/22 Wedbush
Wedbush remains bullish on Wendy's, not surprised by Trian news
05/25/22 Stifel
Wendy's deal in 'low-$20 range' would be 'feasible,' says Stifel
05/12/22 Truist
Wendy's price target lowered to $27 from $29 at Truist
WEN Wendy's
$18.55 /

+0.69 (+3.86%)

WEN Wendy's
$18.55 /

+0.69 (+3.86%)

WEN Wendy's
$18.55 /

+0.69 (+3.86%)

WEN Wendy's
$18.55 /

+0.69 (+3.86%)

General news
Federal Reserve turnover » 10:45
05/26/22
05/26
10:45
05/26/22
10:45
$ECON

Economic Data

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Federal Reserve turnover:…

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Conference/Events
UBS China Internet analyst to hold analyst/industry conference call » 10:45
05/26/22
05/26
10:45
05/26/22
10:45
BABA

Alibaba

$92.89 /

+10.58 (+12.85%)

China Internet &…

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BABA Alibaba
$92.89 /

+10.58 (+12.85%)

BABA Alibaba
$92.89 /

+10.58 (+12.85%)

09:17 Today JPMorgan
Alibaba earnings beat on cost optimization initiatives, says JPMorgan
05/23/22 Baird
Alibaba price target lowered to $144 from $160 at Baird
05/18/22 Truist
Alibaba price target lowered to $132 from $180 at Truist
05/16/22 JPMorgan
Alibaba upgraded to Overweight from Underweight at JPMorgan
BABA Alibaba
$92.89 /

+10.58 (+12.85%)

BABA Alibaba
$92.89 /

+10.58 (+12.85%)

BABA Alibaba
$92.89 /

+10.58 (+12.85%)

BABA Alibaba
$92.89 /

+10.58 (+12.85%)

Recommendations
Craig-Hallum expects Apyx to move higher after clearance for dermal resurfacing » 10:43
05/26/22
05/26
10:43
05/26/22
10:43
APYX

Apyx Medical

$4.92 /

+1.215 (+32.79%)

Craig-Hallum analyst Matt…

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APYX Apyx Medical
$4.92 /

+1.215 (+32.79%)

APYX Apyx Medical
$4.92 /

+1.215 (+32.79%)

05/20/22 Lake Street
Apyx Medical initiated with a Buy at Lake Street
05/12/22 Piper Sandler
Apyx Medical price target lowered to $6 from $12 at Piper Sandler
03/17/22 Piper Sandler
Apyx Medical price target lowered to $12 from $20 at Piper Sandler
03/14/22 Piper Sandler
Apyx Medical's FDA MDSC unlikely to hurt business, says Piper Sandler
APYX Apyx Medical
$4.92 /

+1.215 (+32.79%)

Conference/Events
JPMorgan aerospace/defense analyst holds analyst/industry conference call » 10:40
05/26/22
05/26
10:40
05/26/22
10:40

Aerospace & Defense…

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Hot Stocks
McDonald's shareholders re-elect all 12 directors at annual meeting » 10:39
05/26/22
05/26
10:39
05/26/22
10:39
MCD

McDonald's

$248.52 /

+4.55 (+1.86%)

McDonald's…

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MCD McDonald's
$248.52 /

+4.55 (+1.86%)

MCD McDonald's
$248.52 /

+4.55 (+1.86%)

05/25/22 Truist
McDonald's price target lowered to $273 from $280 at Truist
05/06/22 Guggenheim
Domino's Pizza price target lowered to $370 from $445 at Guggenheim
05/03/22 JPMorgan
McDonald's price target raised to $275 from $260 at JPMorgan
05/02/22 Guggenheim
McDonald's price target lowered to $290 from $300 at Guggenheim
MCD McDonald's
$248.52 /

+4.55 (+1.86%)

MCD McDonald's
$248.52 /

+4.55 (+1.86%)

MCD McDonald's
$248.52 /

+4.55 (+1.86%)

MCD McDonald's
$248.52 /

+4.55 (+1.86%)

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