OrganiGram Holdings Inc reports results for the quarter ended in August - Earnings Summary

Organigram Global

19/12/2023 14:31

* OrganiGram Holdings Inc  OGI.TO  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in August,
lower than the same quarter last year, when the company reported
EPS of -8 cents.  The mean expectation of three analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -16 cents to -11 cents per share.
    * Revenue rose 57.1% to C$71.46 million from a year ago;
analysts
expected C$39.55 million. 
    * OrganiGram Holdings Inc's reported EPS for the quarter was
a
loss of 10 cents​.
    * The company reported a quarterly loss of C$32.99 million.
    * OrganiGram Holdings Inc shares had fallen by 2.8% this
quarter and lost 60.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for OrganiGram
Holdings Inc is C$4.00 

This summary was machine generated from LSEG data December 19 at
02:31 p.m. UTC. ​All figures in Canadian 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
 Aug. 31 2023      -0.14          -0.13          Beat
 May. 31 2023      -0.06          -0.68          Missed
 Feb. 28 2023      -0.07          -0.10          Missed
 Nov. 30 2022      -0.03          0.07           Beat