Stock Analysis
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- NYSE:ORN
Orion Group Holdings Second Quarter 2024 Earnings: Misses Expectations
Orion Group Holdings (NYSE:ORN) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$192.2m (up 5.3% from 2Q 2023).
- Net loss: US$6.60m (loss widened by US$6.35m from 2Q 2023).
- US$0.20 loss per share (further deteriorated from US$0.008 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orion Group Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are down 29% from a week ago.
Valuation
Our analysis of Orion Group Holdings based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NYSE:ORN
Orion Group Holdings
Operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin.
Very undervalued slight.