Marine infrastructure company Orion (NYSE:ORN) will be reporting results this Tuesday after market hours. Here’s what investors should know.
Orion beat analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $205.3 million, up 6.8% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS and EBITDA estimates.
Is Orion a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Orion’s revenue to be flat year on year at $225.3 million, slowing from the 34.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 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 a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 6.2% on average.
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 13.2%, delivering year-on-year sales growth of 35.2%. The stock traded up 18.9% 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 3.7% on average over the last month. Orion is up 5.3% during the same time and is heading into earnings with an average analyst price target of $11.50 (compared to the current share price of $8.89).
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