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

Origin Materials

09/08/2023 22:02

* Origin Materials Inc  ORGN.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was for a loss
of 12 cents per share.
    * Revenue was $6.90 million​; analysts expected $7.03
million. 
    * Origin Materials Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The mean earnings estimate of analysts had risen by
about 16% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Origin Materials Inc shares had risen by 1.4% this
quarter and
lost 6.3% so far this year.
    * The company reported a quarterly loss of $6.46 million.
    * Wall Street's median 12-month price target for Origin
Materials
Inc is $10.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.12          -0.05          Beat
 Mar. 31 2023      -0.11          0.07           Beat
 Dec. 31 2022      -0.09          0.11           Beat
 Sep. 30 2022      -0.08          0.06           Beat