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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