Recap: Organogenesis Hldgs Q4 Earnings
Portfolio Pulse from Benzinga Insights
Organogenesis Holdings (NASDAQ:ORGO) reported Q4 earnings with an EPS of $0.01, matching estimates but with a revenue decrease of $15.87 million from the previous year. Despite matching EPS estimates this quarter, the company had previously beaten EPS estimates in Q3 2023, which led to an 11.0% share price increase the following day.
February 29, 2024 | 9:15 pm
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Organogenesis Holdings reported Q4 earnings with an EPS of $0.01, in line with estimates, but saw a significant revenue drop from the previous year.
While ORGO matched its EPS estimates for Q4, the significant drop in revenue compared to the previous year could concern investors. However, the company's history of beating EPS estimates in the past and the subsequent positive stock price reaction suggests a mixed impact. The neutral score reflects the balance between matching EPS estimates and the negative revenue growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100