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

Orion group

24/04/2024 22:01

* Orion Group Holdings Inc  ORN.N  reported a quarterly
adjusted
loss of 12 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -32 cents.  The mean expectation of
four analysts for the quarter was for a loss of 18 cents per
share. Wall Street expected results to range from -23 cents
to -11 cents per share.
    * Revenue rose 0.9% to $160.67 million from a year ago;
analysts
expected $174.75 million. 
    * Orion Group Holdings Inc's reported EPS for the quarter
was a
loss of 19 cents​.
    * The company reported a quarterly loss of $6.06 million.
    * Orion Group Holdings Inc shares had fallen by 7.1% this
quarter and gained 54.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 280.3% in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

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 $10.00 
This summary was machine generated from LSEG data April 24 at
09:01 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
 Mar. 31 2024      -0.18          -0.12          Beat
 Dec. 31 2023      0.04           0.08           Beat
 Sep. 30 2023      -0.01          0.02           Beat
 Jun. 30 2023      -0.13          -0.14          Missed