Orion Q2 2024 Adj. EPS $0.41 Misses $0.56 Estimate, Sales $477.000M Miss $491.243M Estimate
Portfolio Pulse from Benzinga Newsdesk
Orion (NYSE:OEC) reported Q2 2024 adjusted EPS of $0.41, missing the analyst estimate of $0.56. Sales were $477 million, also below the $491.243 million estimate. Despite the misses, sales increased by 3.97% year-over-year.
August 01, 2024 | 9:00 pm
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NEGATIVE IMPACT
Orion's Q2 2024 earnings and sales both missed analyst estimates, with EPS at $0.41 vs. $0.56 expected and sales at $477 million vs. $491.243 million expected. However, sales increased by 3.97% year-over-year.
Orion's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100