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

Origin Materials

15/08/2024 05:41

* Origin Materials Inc  ORGN.OQ  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -5 cents.  The lone analyst forecast for the quarter was
for a loss of 12 cents per share. 
    * Revenue rose 103.9% to $14.07 million from a year ago;
analysts
expected $7.78 million. 
    * Origin Materials Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $19.45 million.
    * Origin Materials Inc shares had fallen by 4.6% this
quarter and
gained 2.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is  "hold."

Wall Street's median 12-month price target for Origin Materials
Inc is $3.18 
This summary was machine generated from LSEG data August 15 at
04:40 a.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
 Jun. 30 2024      -0.12          -0.14          Missed
 Mar. 31 2024      -0.10          -0.10          Met
 Dec. 31 2023      -0.14          -0.07          Beat
 Sep. 30 2023      -0.13          0.22           Beat