Orion Group Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Orion Group Holdings (NYSE:ORN) Full Year 2023 Results
Key Financial Results
Revenue: US$711.8m (down 4.9% from FY 2022).
Net loss: US$17.9m (loss widened by 42% from FY 2022).
US$0.55 loss per share (further deteriorated from US$0.40 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orion Group Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are down 7.3% from a week ago.
Valuation
Following the latest earnings results, Orion Group Holdings may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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