We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Orion Marine (ORN) Surges 6.4%: Is This an Indication of Further Gains?
Read MoreHide Full Article
Orion Marine Group (ORN - Free Report) shares ended the last trading session 6.4% higher at $7.98. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% gain over the past four weeks.
This specialty construction company is thriving on strong demand for its marine and concrete services, driven by both government and private sector investments. Furthermore, its solid relationships with key contractors have led to an increase in contract wins, boosting its revenue growth and long-term prospects.
This heavy civil marine contractor is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +125%. Revenues are expected to be $273.05 million, up 35.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Orion Marine, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ORN going forward to see if this recent jump can turn into more strength down the road.
Orion Marine is part of the Zacks Building Products - Heavy Construction industry. Emcor Group (EME - Free Report) , another stock in the same industry, closed the last trading session 0.3% higher at $439.41. EME has returned -3.4% in the past month.
For Emcor Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $5.54. This represents a change of +23.9% from what the company reported a year ago. Emcor Group currently has a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Orion Marine (ORN) Surges 6.4%: Is This an Indication of Further Gains?
Orion Marine Group (ORN - Free Report) shares ended the last trading session 6.4% higher at $7.98. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% gain over the past four weeks.
This specialty construction company is thriving on strong demand for its marine and concrete services, driven by both government and private sector investments. Furthermore, its solid relationships with key contractors have led to an increase in contract wins, boosting its revenue growth and long-term prospects.
This heavy civil marine contractor is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +125%. Revenues are expected to be $273.05 million, up 35.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Orion Marine, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ORN going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Orion Marine is part of the Zacks Building Products - Heavy Construction industry. Emcor Group (EME - Free Report) , another stock in the same industry, closed the last trading session 0.3% higher at $439.41. EME has returned -3.4% in the past month.
For Emcor Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $5.54. This represents a change of +23.9% from what the company reported a year ago. Emcor Group currently has a Zacks Rank of #3 (Hold).