Orion Gr Hldgs Q2 2024 Adj EPS $(0.16) Misses $(0.01) Estimate, Sales $192.167M Miss $192.786M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion Group Holdings (NYSE: ORN) reported Q2 2024 adjusted EPS of $(0.16), missing the $(0.01) estimate by a significant margin. Sales were $192.167 million, slightly below the $192.786 million estimate but up 5.28% year-over-year.
July 24, 2024 | 9:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Orion Group Holdings reported a significant miss on Q2 2024 EPS, with $(0.16) per share compared to the $(0.01) estimate. Sales were slightly below expectations but showed a year-over-year increase.
The significant miss on EPS is likely to negatively impact the stock price in the short term. Although sales were slightly below expectations, the year-over-year increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100