Earnings Estimates Rising for Orion Marine (ORN): Will It Gain?

Core Viewpoint - Orion Marine Group (ORN) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Earnings Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding the earnings prospects of Orion Marine, which is expected to positively influence its stock price [2]. - The consensus earnings estimate for the current quarter is projected at $0.05 per share, indicating a year-over-year decline of 68.8%. However, this estimate has increased by 133.33% over the last 30 days, with no negative revisions [5]. - For the full year, the earnings estimate is $0.19 per share, representing a year-over-year increase of 26.7%. The trend for the current year is also positive, with one estimate moving higher and no negative revisions [6]. Zacks Rank - Orion Marine currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions. This ranking system has a strong track record of outperformance, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008 [3][7]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [7]. Stock Performance - Over the past four weeks, Orion Marine shares have increased by 6.8%, suggesting investor confidence in the company's earnings growth prospects [8].