Financial Performance - Orion Marine Group reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and a significant increase from earnings of $0.02 per share a year ago, representing an earnings surprise of 100% [1] - The company posted revenues of $226.68 million for the quarter ended September 2024, which was 4.12% below the Zacks Consensus Estimate, compared to revenues of $168.48 million in the same quarter last year [2] - Over the last four quarters, Orion Marine has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance and Outlook - Orion Marine shares have increased approximately 8.3% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The company's earnings outlook will be crucial for determining the sustainability of its stock price movement, with current consensus EPS estimates at $0.22 for the coming quarter and $0.03 for the current fiscal year [4][7] Industry Context - The Building Products - Heavy Construction industry, to which Orion Marine belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Orion Marine's stock performance [5]

HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today reported its financial results for the third quarter ended September 30, 2024. Highlights for the quarter ended September 30, 2024: Contract revenues of $226.7 million GAAP net income of $4.3 million or $0.12 per diluted share Adjusted net income of $5.6 million or $0.16 per diluted share Adjusted EBITDA of $15.2 million Cash flow from operations of $35.2 million ...

MANITOWOC, Wis., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and controls, electrical vehicle (EV) charging station solutions, and maintenance services, hosts conference call and webcast to review its fiscal 2025 second quarter (Q2'25) results on Wednesday, November 6, 2024 at 10:00 a.m. ET. Orion will release results prior to the market's opening that day. | --- | --- | |-------------------------|----------------- ...

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Collaboration and Regulatory Submission - Bayer, Orion's collaboration partner, submitted an application to the European Medicines Agency (EMA) for the use of darolutamide in combination with androgen deprivation therapy (ADT) for metastatic hormone-sensitive prostate cancer (mHSPC) [1] - The submission is based on positive results from the Phase III ARANOTE trial, which showed a 46% reduction in the risk of radiological progression or death compared to placebo plus ADT in mHSPC patients [1] Market Approvals and Global Reach - Darolutamide, marketed as Nubeqa™, is already approved for mHSPC in combination with ADT and docetaxel in over 80 markets worldwide [2] - The compound is also approved in more than 85 countries for non-metastatic castration-resistant prostate cancer (nmCRPC) in combination with ADT [2] Company Overview - Orion is a globally operating Finnish pharmaceutical company with a focus on oncology and pain therapy areas [3] - The company develops, manufactures, and markets human and veterinary pharmaceuticals, with a portfolio including proprietary and generic medicines and consumer health products [3] - Orion's net sales in 2023 amounted to EUR 1,190 million, and the company employed approximately 3,600 people at the end of the year [3]

I analyze oil and gas companies, related companies, and Orion Office REIT in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up he ...

LOS ANGELES and MANITOWOC, Wis., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging station, and maintenance service solutions, announced it will be presenting at the LD Micro Main Event XVII at the Luxe Sunset Boulevard Hotel, on Tuesday, October 29th at 8:30 a.m. PT / 11:30 a.m. ET. CEO Mike Jenkins and CFO Per Brodin will also be available throughout the day on Tuesday and Wednesday morn ...

HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) ("Orion", "Company"), a leading specialty construction company, today announced that it will issue its third quarter 2024 financial results after the close of the stock market on Wednesday, October 30, 2024. A conference call and audio webcast with analysts and investors will be held the next day, Thursday, October 31, at 9:00 a.m. Eastern Time/8:00 a.m. Central Time to discuss the results and answer questions. About Orion Gro ...

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Orion Energy Systems (OESX) , a leader in energy-efficient LED lighting, has just announced a significant contract extension with one of its major retail clients. The deal, lasting five years, will see Orion supplying all interior and exterior LED lighting fixtures for the customer's new store construction projects. The company estimates this contract will generate between $23 million and $30 million in total revenues, with annual earnings expected to range from $4.5 million to $6 million. Growth Driven by ...