Origin Materials Inc (ORGN, Financial) is set to release its Q3 2024 earnings on Nov 14, 2024. The consensus estimate for Q3 2024 revenue is $8.30 million, and the earnings are expected to come in at -$0.11 per share. The full year 2024's revenue is expected to be $31.24 million and the earnings are expected to be -$0.46 per share. More detailed estimate data can be found on the Forecast page.
Origin Materials Inc (ORGN, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Origin Materials Inc (ORGN) for the full year 2024 have declined from $31.98 million to $31.24 million. For 2025, the estimates have increased from $68.67 million to $86.22 million. Earnings estimates have also seen changes; for the full year 2024, estimates have declined from -$0.45 per share to -$0.46 per share, and for 2025, estimates have increased from -$0.43 per share to -$0.38 per share.
Origin Materials Inc (ORGN, Financial) Reported History
In the previous quarter of 2024-06-30, Origin Materials Inc's (ORGN) actual revenue was $14.07 million, which beat analysts' revenue expectations of $7.78 million by 80.8%. Origin Materials Inc's (ORGN) actual earnings were -$0.14 per share, which missed analysts' earnings expectations of -$0.12 per share by -16.67%. After releasing the results, Origin Materials Inc (ORGN) was up by 22.22% in one day.
Origin Materials Inc (ORGN, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 2 analysts, the average target price for Origin Materials Inc (ORGN) is $4 with a high estimate of $5 and a low estimate of $3. The average target implies an upside of 222.58% from the current price of $1.24.
Based on GuruFocus estimates, the estimated GF Value for Origin Materials Inc (ORGN, Financial) in one year is $0, suggesting a downside of -100% from the current price of $1.24.
Based on the consensus recommendation from 2 brokerage firms, Origin Materials Inc's (ORGN, Financial) average brokerage recommendation is currently 1.5, indicating a "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
