Orion Marine Group Goes Negative

Seth Jayson, The Motley Fool
Updated

Orion Marine Group (NYS: ORN) filed its 10-K on March 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Orion Marine Group missed estimates on both revenue and earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.

Margins dropped across the board.

Revenue details
Orion Marine Group booked revenue of $55.3 million. The seven analysts polled by S&P Capital IQ anticipated revenue of $58.4 million on the same basis. GAAP reported sales were 39% lower than the prior-year quarter's $90.4 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at -$0.19. The six earnings estimates compiled by S&P Capital IQ forecast -$0.16 per share on the same basis. GAAP EPS was -$0.20 for Q4, compared to $0.11 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 0.6%, 1,230 basis points worse than the prior-year quarter. Operating margin was -13.6%, 1,850 basis points worse than the prior-year quarter. Net margin was -9.4%, 1,270 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $55.6 million. On the bottom line, the average EPS estimate is -$0.20.

Next year's average estimate for revenue is $270.6 million. The average EPS estimate is -$0.44.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 81 members rating the stock outperform and five members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 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 $7.33.

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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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