Origin Materials Inc reports results for the quarter ended in December - Earnings Summary

Origin Materials

01/03/2024 17:06

* Origin Materials Inc  ORGN.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 11 cents.  The mean expectation of two analysts for the
quarter was for a loss of 14 cents per share. 
    * Revenue was $13.06 million​; analysts expected $12.00
million. 
    * Origin Materials Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The company reported a quarterly loss of $10.44 million.
    * Origin Materials Inc shares had fallen by 29.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "hold"

Wall Street's median 12-month price target for Origin Materials
Inc is $2.00 
This summary was machine generated from LSEG data March 1 at
05:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.14          -0.07          Beat
 Sep. 30 2023      -0.13          0.22           Beat
 Jun. 30 2023      -0.12          -0.05          Beat
 Mar. 31 2023      -0.11          0.07           Beat