Orion Marine (ORN) Reports Q3 Earnings: What Key Metrics Have to Say
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Orion Marine Group (ORN) reported $226.68 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 34.5%. EPS of $0.16 for the same period compares to $0.02 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $236.43 million, representing a surprise of -4.12%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
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Contract revenues- Concrete Segment: $86.66 million versus the two-analyst average estimate of $69.62 million. The reported number represents a year-over-year change of -1%.
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Contract revenues- Marine Segment: $140.01 million versus $166.81 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +73% change.
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Operating income (loss)- Concrete segment: $2.30 million versus the two-analyst average estimate of $2.16 million.
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Operating income (loss)- Marine segment: $5.49 million versus the two-analyst average estimate of $3.27 million.
View all Key Company Metrics for Orion Marine here>>>
Shares of Orion Marine have returned -7.6% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Orion Group Holdings, Inc. (ORN) : Free Stock Analysis Report