Orion Marine Group Earnings: Here’s Why Investors are Selling Shares Now

Orion Marine Group, Inc (NYSE:ORN) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 9.86%.

Orion Marine Group, Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.01 in the quarter versus EPS of $-0.20 in the year-earlier quarter.

Revenue: Rose 25.25% to $84.08 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Orion Marine Group, Inc reported adjusted EPS income of $0.01 per share. By that measure, the company missed the mean analyst estimate of $0.02. It beat the average revenue estimate of $83.11 million.

Quoting Management: “During the second quarter we had strong utilization on our construction equipment and improvements in dredge utilization,” said Mike Pearson, Orion Marine Group’s President and Chief Executive Officer. “Significant improvements in our year over year results indicate a gradual improvement in market conditions, along with our ability to operate profitably with the right mix and volume of work. As we begin the second half of 2013, we are continuing to see pockets of pricing improvement with continued high demand for our services.”

Key Stats (on next page)…

Revenue increased 12.02% from $75.06 million in the previous quarter. EPS increased to $0.01 in the quarter versus EPS of $-0.04 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.06 and has not changed. For the current year, the average estimate has moved up from a profit of $0.11 to a profit of $0.14 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)