ORION misses investor expectations: Q4 EBITDA -31.3%
FUNDAMENTAL:
The company improves EBITDA YoY +9.0% but misses Q4's by -31.3%.
Net Sales (YoY) +2.6% but missed Q4 -7.0%
Outlook for 2021:
Net sales in 2021 slightly lower than in 2020.
Operating profit estimated to be lower or clearly lower than in 2020.
TECHNICAL:
Fibonacci Retracement level suggests Orion's about to break 0.618 level downwards up until 29.60 support level. Besides the RSI 14 touching upper boundaries, the harmonic figure of a Bearish bat pattern might also confirm the change to downward trend which may last until April 19th.
Further digging from 29.60 support is unexpected. the Company's P/E ratio is aligned with that of the industrial sector: 22.84 (vs industry's 21.18)
The company improves EBITDA YoY +9.0% but misses Q4's by -31.3%.
Net Sales (YoY) +2.6% but missed Q4 -7.0%
Outlook for 2021:
Net sales in 2021 slightly lower than in 2020.
Operating profit estimated to be lower or clearly lower than in 2020.
TECHNICAL:
Fibonacci Retracement level suggests Orion's about to break 0.618 level downwards up until 29.60 support level. Besides the RSI 14 touching upper boundaries, the harmonic figure of a Bearish bat pattern might also confirm the change to downward trend which may last until April 19th.
Further digging from 29.60 support is unexpected. the Company's P/E ratio is aligned with that of the industrial sector: 22.84 (vs industry's 21.18)
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