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

Origin Materials

10/05/2023 22:02

* Origin Materials Inc  ORGN.OQ  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was for a
loss of 11 cents per share.
    * Revenue was $1.70 million​; analysts expected $1.73
million. 
    * Origin Materials Inc's reported EPS for the quarter was 7
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.2%
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 1.2% this
quarter and
lost 6.3% so far this year.
    * The company reported quarterly net income of $9.77
million.
    * Wall Street's median 12-month price target for Origin
Materials
Inc is $12.00 
    * 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 May
10 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.11          0.07           Beat
 Dec. 31 2022      -0.09          0.11           Beat
 Sep. 30 2022      -0.08          0.06           Beat
 Jun. 30 2022      -0.07          0.33           Beat