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Orion Earnings: What To Look For From ORN

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Marine infrastructure company Orion (NYSE: ORN) will be reporting results this Tuesday after market hours. Here’s what to expect.

Orion beat analysts’ revenue expectations last quarter, reporting revenues of $233.2 million, up 7.5% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Orion a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Orion’s revenue to grow 4.8% year on year, slowing from the 17.4% increase it recorded in the same quarter last year.

Orion Total Revenue

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 multiple 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 exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 56.5%. The stock was down 2.9% 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 15% on average over the last month. Orion is up 15.3% during the same time and is heading into earnings with an average analyst price target of $16.75 (compared to the current share price of $12.28).

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