Orion: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Orion (NYSE:OEC) reported Q4 earnings with an EPS of $0.17, missing estimates by 48.48% against an expected $0.33. Revenue increased by $6.10 million from the same period last year. In the previous quarter, Orion beat EPS estimates which led to a 3.4% share price increase the following day.
February 14, 2024 | 9:45 pm
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Orion reported a significant miss in Q4 earnings with an EPS of $0.17 against estimates of $0.33, though revenue increased by $6.10 million YOY. Previously, beating EPS estimates led to a stock price increase.
The significant miss in EPS estimates is likely to negatively impact investor sentiment and stock price in the short term, especially considering the positive reaction to the previous quarter's earnings beat. The increase in revenue may provide some buffer, but the miss on earnings is a critical factor.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100