Orion Gr Hldgs Q4 2023 Adj EPS $0.08 Beats $0.04 Estimate, Sales $201.59M Beat $191.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Group Holdings (NYSE:ORN) reported Q4 2023 adjusted EPS of $0.08, surpassing the $0.04 estimate, with sales of $201.59M exceeding the $191.31M forecast. This represents a 2.75% increase in sales compared to the same period last year.
February 28, 2024 | 9:35 pm
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Orion Group Holdings reported a significant beat on both EPS and sales estimates for Q4 2023, with a year-over-year sales increase of 2.75%.
Beating both EPS and sales estimates significantly, especially by 100% for EPS, indicates strong financial health and operational efficiency. This outperformance, coupled with a year-over-year sales growth, is likely to positively influence investor sentiment and potentially lead to a short-term uptick in ORN's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100