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Compared to Estimates, Orion Marine (ORN) Q2 Earnings: A Look at Key Metrics
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Orion Marine Group (ORN - Free Report) reported $182.53 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.2%. EPS of -$0.14 for the same period compares to -$0.03 a year ago.
The reported revenue represents a surprise of +1.56% over the Zacks Consensus Estimate of $179.74 million. With the consensus EPS estimate being -$0.14, the company has not delivered EPS surprise.
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: $81.99 million versus $100.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -27% change.
Contract revenues- Marine Segment: $100.54 million compared to the $79.85 million average estimate based on two analysts. The reported number represents a change of +22.1% year over year.
Operating Income- Concrete segment total: -$1.45 million versus -$1.82 million estimated by two analysts on average.
Operating Income- Marine segment total: $3.49 million versus -$0.85 million estimated by two analysts on average.
Shares of Orion Marine have returned +20.4% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Orion Marine (ORN) Q2 Earnings: A Look at Key Metrics
Orion Marine Group (ORN - Free Report) reported $182.53 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.2%. EPS of -$0.14 for the same period compares to -$0.03 a year ago.
The reported revenue represents a surprise of +1.56% over the Zacks Consensus Estimate of $179.74 million. With the consensus EPS estimate being -$0.14, the company has not delivered EPS surprise.
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: $81.99 million versus $100.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -27% change.
- Contract revenues- Marine Segment: $100.54 million compared to the $79.85 million average estimate based on two analysts. The reported number represents a change of +22.1% year over year.
- Operating Income- Concrete segment total: -$1.45 million versus -$1.82 million estimated by two analysts on average.
- Operating Income- Marine segment total: $3.49 million versus -$0.85 million estimated by two analysts on average.
View all Key Company Metrics for Orion Marine here>>>Shares of Orion Marine have returned +20.4% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.