Orion (US:ORN) ZACKSยท2024-10-30 23:16Financial 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]