OrganiGram Holdings Q1 EPS $(0.11) Misses $(0.09) Estimate, Sales $26.79M Miss $28.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
OrganiGram Holdings (NASDAQ:OGI) reported Q1 EPS of $(0.11), missing the $(0.09) estimate, and sales of $26.79M, missing the $28.00M estimate. This represents a 311.54% decrease in earnings and a 17.57% decrease in sales from the same period last year.
February 13, 2024 | 11:50 am
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OrganiGram Holdings reported a significant miss in both EPS and sales for Q1, with a 311.54% decrease in earnings and a 17.57% decrease in sales year-over-year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with the substantial year-over-year decrease in both metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100