Orion Marine Group
The 10-second takeaway
For the quarter ended June 30 (Q2), Orion Marine Group met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share grew.
Margins expanded across the board.
Orion Marine Group booked revenue of $84.1 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $84.4 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $67.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.01. The seven earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were $0.01 for Q2 versus -$0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 9.3%, 960 basis points better than the prior-year quarter. Operating margin was 0.0%, much better than the prior-year quarter. Net margin was 0.3%, 840 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $88.9 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $344.8 million. The average EPS estimate is $0.14.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 79 members out of 85 rating the stock outperform, and six members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Orion Marine Group a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Orion Marine Group is outperform, with an average price target of $12.14.
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