Earnings Outlook For OrganiGram Holdings
Portfolio Pulse from Benzinga Insights
OrganiGram Holdings (NASDAQ:OGI) is expected to release its quarterly earnings report on December 19, 2023, with an anticipated EPS of $-0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. OrganiGram's stock performance has been negative over the last year, with shares down 59.56%. The stock price reacted significantly to past earnings performances, with a notable 19.59% drop after missing EPS last quarter.
December 18, 2023 | 2:00 pm
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NEGATIVE IMPACT
OrganiGram Holdings is anticipated to report a quarterly EPS of $-0.10 and investors are focused on earnings beat and future guidance. The stock has declined 59.56% over the past year and experienced significant price volatility post-earnings.
Given OrganiGram's history of stock price declines following earnings reports that did not meet expectations, and the overall negative trend over the past year, there is a likelihood of a negative short-term impact on the stock price if the company fails to meet or exceed the EPS estimate or provides weak guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100