Origin Materials Inc reports results for the quarter ended September 30 - Earnings Summary

Origin Materials

15/11/2024 14:14

* Origin Materials Inc  ORGN.OQ  reported a quarterly
adjusted
loss of 15 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 22 cents.  The lone analyst forecast for the quarter was
for a loss of 11 cents per share. 
    * Revenue rose 14.9% to $8.20 million from a year ago;
analysts
expected $8.30 million. 
    * Origin Materials Inc's reported EPS for the quarter was a
loss
of 26 cents​.
    * The company reported a quarterly loss of $36.76 million.
    * Origin Materials Inc shares had fallen by 18.8% this
quarter and
gained 49.5% 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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is  "buy."

Wall Street's median 12-month price target for Origin Materials
Inc is 4.00 
This summary was machine generated from LSEG data November 15 at
02:13 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
 Sep. 30 2024      -0.11          -0.15          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