Marine infrastructure company Orion (NYSE: ORN) will be announcing earnings results this Tuesday after market close. Here’s what you need to know.
Orion beat analysts’ revenue expectations by 8.8% last quarter, reporting revenues of $188.7 million, up 17.4% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA 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 3.2% year on year to $198.3 million, slowing from the 5.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.
The majority of analysts covering the company have 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 five 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 beat analysts’ revenue estimates by 10.6%, delivering year-on-year sales growth of 20.1%. The stock traded up 22.3% on the results.
Read our full analysis of Comfort Systems’s earnings results here.There has been positive sentiment among investors in the construction and engineering segment, with share prices up 6.8% on average over the last month. Orion is up 2% during the same time and is heading into earnings with an average analyst price target of $11.13 (compared to the current share price of $9.25).
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