OrganiGram Holdings Earnings Preview
Portfolio Pulse from Benzinga Insights
OrganiGram Holdings (NASDAQ:OGI) is scheduled to release its quarterly earnings report on December 19, 2023. Analysts predict an EPS of $-0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. OrganiGram's stock price has historically been affected more by guidance than earnings beats or misses. Last quarter, the company missed EPS estimates by $0.01, resulting in a 19.59% share price drop the following day. Over the last year, OGI shares have declined by 59.56%, indicating a bearish sentiment among long-term shareholders.
December 18, 2023 | 2:01 pm
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OrganiGram Holdings is anticipated to report an EPS of $-0.10. Historical data shows significant stock price movements post-earnings, with a 19.59% drop after last quarter's miss. Long-term trend shows a 59.56% decline over the past year.
Given the historical impact of earnings reports on OGI's stock price, especially when the company misses estimates, there is a likelihood of a negative short-term impact if the trend continues. The bearish long-term sentiment could exacerbate the reaction to any negative news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100