While the top- and bottom-line numbers for Orion Marine (ORN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Orion Marine Group (ORN) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.14 per share a year ago.
New contracts in Florida and Texas are set to boost Orion's (ORN) revenues and market presence.
Orion Office REIT Inc. has shed nearly 50% of its value in the past year, rearranging its dividend and valuation outlook. We argue that Orion is best left alone, as the Office REIT environment faces systematic pressure. Moreover, we dislike Orion's key portfolio metrics. Furthermore, we think Orion faces liability-level challenges, which could coalesce with its lease term structuring to wreak havoc.
Orion Office REIT is trading at about 25% of the estimated NAV. We have had Sell and Strong Sell ratings on this in the past. We tell you why we are doubling down on our Sell rating this far below the estimated NAV.