Orion Group Holdings Inc reports results for the quarter ended in June - Earnings Summary

Orion group

25/07/2024 24:29

* Orion Group Holdings Inc  ORN.N  reported a quarterly
adjusted
loss of 16 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -14 cents.  The mean expectation of three analysts for
the quarter was for a loss of one cent per share. Wall Street
expected results to range from -9 cents to 5 cents per share.
    * Revenue rose 5.3% to $192.17 million from a year ago;
analysts
expected $192.79 million. 
    * Orion Group Holdings Inc's reported EPS for the quarter
was a
loss of 20 cents​.
    * The company reported a quarterly loss of $6.6 million.
    * Orion Group Holdings Inc shares had risen by 24.8% this
quarter and gained 140.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 180%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Orion Group
Holdings Inc is $12.50 
This summary was machine generated from LSEG data July 24 at
11:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       -0.01          -0.16          Missed
 Mar. 31 2024      -0.18          -0.12          Beat
 Dec. 31 2023      0.04           0.08           Beat
 Sep. 30 2023      -0.01          0.02           Beat