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Marine infrastructure company Orion (NYSE:ORN) will be reporting earnings tomorrow after market hours. Here’s what you need to know.
Orion missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $192.2 million, up 5.3% year on year. It was a disappointing quarter for the company, with a miss of analysts’ EBITDA and earnings estimates.
Is Orion a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Orion’s revenue to grow 39.5% year on year to $235 million, a reversal from the 7.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Orion has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Orion’s peers in the construction and engineering segment, only Comfort Systems has reported results so far. It missed analysts’ revenue estimates by 1.6%, delivering year-on-year sales growth of 31.5%. The stock was down 10.3% on the results.
Read our full analysis of Comfort Systems’s earnings results here.
Investors in the construction and engineering segment have had steady hands going into earnings, with share prices flat over the last month. Orion is down 7.1% during the same time and is heading into earnings with an average analyst price target of $10.67 (compared to the current share price of $5.36).
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