Orion Gr Hldgs Q1 2024 Adj EPS $(0.12) Beats $(0.18) Estimate, Sales $160.672M Miss $174.751M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Group Holdings (ORN) reported Q1 2024 adjusted EPS of $(0.12), surpassing the $(0.18) estimate, indicating a 33.33% beat and a 62.5% improvement from last year's $(0.32) per share loss. However, their Q1 sales of $160.672M fell short of the $174.751M estimate by 8.06%, though it's a slight increase of 0.94% from the previous year's $159.174M.
April 24, 2024 | 8:53 pm
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Orion Group Holdings reported a smaller than expected Q1 2024 loss per share but missed sales estimates, showing mixed financial performance.
The better-than-expected EPS could be seen positively by investors, indicating improved profitability and operational efficiency compared to the previous year. However, the miss on sales estimates may raise concerns about revenue growth and market demand. The mixed results present a neutral outlook, as the positive EPS beat may offset concerns about missed sales, leading to a potentially stable short-term stock price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100