Organogenesis Holdings Inc reports results for the quarter ended in January - Earnings Summary

Organogenesis Holdings

08/08/2024 23:40

* Organogenesis Holdings Inc  ORGO.OQ  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in
January, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for breakeven
results per share. Wall Street expected results to range from -2
cents to 1 cents per share.
    * Revenue rose 11% to $130.23 million from a year ago;
analysts
expected $121.85 million. 
    * Organogenesis Holdings Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The company reported a quarterly loss of $17.04 million.
    * Organogenesis Holdings Inc shares had fallen by 10.7% this
quarter and lost 38.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 100%
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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "buy"

Wall Street's median 12-month price target for Organogenesis
Holdings Inc is $4.25 
This summary was machine generated from LSEG data August 8 at
10:40 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
 Jun. 30 2024      0.00           0.04           Beat
 Mar. 31 2024      -0.03          -0.02          Beat
 Dec. 31 2023      0.01           0.00           Missed
 Sep. 30 2023      0.01           0.02           Beat