Orion (ORN) Reports Q1: Everything You Need To Know Ahead Of Earnings

StockStory
04-28
Orion (ORN) Reports Q1: Everything You Need To Know Ahead Of Earnings

Marine infrastructure company Orion (NYSE:ORN) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.

Orion missed analysts’ revenue expectations by 20.2% last quarter, reporting revenues of $216.9 million, up 7.6% year on year. It was a softer quarter for the company, with full-year EBITDA guidance missing analysts’ expectations.

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 7.9% year on year to $173.4 million, improving from its flat revenue in the same quarter last year. Adjusted loss is 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 six 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 4.2%, delivering year-on-year sales growth of 19.1%. The stock traded up 5.6% on the results.

Read our full analysis of Comfort Systems’s earnings results here.

Investors in the construction and engineering segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Orion is up 18.9% during the same time and is heading into earnings with an average analyst price target of $10.50 (compared to the current share price of $6.22).

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