Origin Mat Q1 2024 GAAP EPS $(0.10), Inline, Sales $6.82M Beat $6.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Origin Mat (ORGN) reported Q1 2024 GAAP EPS of $(0.10), meeting analyst consensus estimates, with sales of $6.82M surpassing the $6.48M estimate. This represents a 300.35% increase over the same period last year.
May 14, 2024 | 8:03 pm
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Origin Mat reported Q1 2024 earnings with EPS of $(0.10), in line with estimates, and sales of $6.82M, exceeding expectations. The sales figure represents a significant year-over-year growth.
Meeting EPS estimates typically stabilizes investor confidence, while exceeding sales forecasts can lead to positive sentiment among investors, especially with such a significant year-over-year growth. This combination is likely to have a positive short-term impact on ORGN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100