On Mar 5, 2013, Zacks Investment Research upgraded
Orion Marine Group Inc.
) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Earnings estimates of Orion Marine have been on the rise
following strong fourth-quarter 2012 results and an encouraging
guidance for fiscal 2013. Moreover, this marine construction
company delivered positive earnings surprises in all of the last
4 quarters with an average beat of 80.9%. The long-term expected
earnings growth rate for this stock is
Orion Marinereported fourth-quarter 2012 (ended Dec 31, 2012)
results on Feb 28, 2013. Non-GAAP earnings per share came in at 9
cents, surpassing the Zacks Consensus Estimate by 15 cents or
250% and were much better than the year-ago quarter loss of 19
cents. Despite a challenging quarter, Orion's bidding strategy
was successful in growing backlog and increasing equipment
This strategy also drove continued gross margin and top-line
improvement for the year 2012 and delivered positive quarterly
net income for the first time since the beginning of 2011.
Orion Marine is well positioned going forward with strong
financial position. During the third quarter, management
implemented a plan to get Orion Marine back to profitability, and
the company just did that in the following quarter.
The Zacks Consensus Estimate for full year 2013 increased 2
cents to 2 cents per share as most of the estimates were revised
higher over the last 90 days.
Other Stocks to Consider
The following engineering and construction companies with
favorable Zacks Rank are also performing well and are worth
) carries a Zacks #2 Rank (Buy)
Empresas ICA, S.A.B. de C.V
) carries a Zacks Rank # 2 (Buy)
Emcor Group Inc
) carries a Zacks Rank # 3 (Hold)
CHICAGO BRIDGE (CBI): Free Stock Analysis
EMCOR GROUP INC (EME): Free Stock Analysis
EMPRESAS ICA (ICA): Free Stock Analysis
ORION MARINE GP (ORN): Free Stock Analysis
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