Orion Marine (ORN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
In This Article:
For the quarter ended September 2023, Orion Marine Group (ORN) reported revenue of $168.48 million, down 7.8% over the same period last year. EPS came in at $0.02, compared to $0.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $191.06 million, representing a surprise of -11.82%. The company delivered an EPS surprise of +300.00%, with the consensus EPS estimate being -$0.01.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Orion Marine performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
-
Contract revenues- Concrete Segment: $87.56 million versus $83.62 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -17.8% change.
-
Contract revenues- Marine Segment: $80.91 million compared to the $105.09 million average estimate based on two analysts. The reported number represents a change of +6.3% year over year.
-
Operating income (loss)- Concrete segment: $0.56 million versus the two-analyst average estimate of -$0.71 million.
-
Operating income (loss)- Marine segment: $2 million versus $3.67 million estimated by two analysts on average.
View all Key Company Metrics for Orion Marine here>>>
Shares of Orion Marine have returned +8.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Orion Group Holdings, Inc. (ORN) : Free Stock Analysis Report