Origin Materials Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
14 Mar
Origin Materials Inc reports results for the quarter ended December 31 - Earnings Summary
  • Origin Materials Inc ORGN.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -7 cents. The lone analyst forecast for the quarter was for a loss of 11 cents per share.

  • Revenue fell 29.4% to $9.22 million from a year ago; analysts expected $9.08 million.

  • Origin Materials Inc's reported EPS for the quarter was a loss of 9 cents​.

  • The company reported a quarterly loss of $13.52 million.

  • Origin Materials Inc shares had fallen by 36.5% this quarter.

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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell."

  • The average consensus recommendation for the commodity chemicals peer group is also "hold"

Wall Street's median 12-month price target for Origin Materials Inc is $1.50

This summary was machine generated from LSEG data March 13 at 09:01 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

Dec. 31 2024

-0.11

-0.09

Beat

Sep. 30 2024

-0.11

-0.15

Missed

Jun. 30 2024

-0.12

-0.14

Missed

Mar. 31 2024

-0.10

-0.10

Met

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