Earnings Preview For OrganiGram Holdings


OrganiGram Holdings OGI is set to give its latest quarterly earnings report on Thursday, 2023-07-13. Here's what investors need to know before the announcement.

Analysts estimate that OrganiGram Holdings will report an earnings per share (EPS) of $-0.04.

OrganiGram Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.03, which was followed by a 12.39% drop in the share price the next day.

Here's a look at OrganiGram Holdings's past performance and the resulting price change:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.04 -0.04 -0.04 -0.08
EPS Actual -0.07 0.05 -0.08 -0.03
Price Change % -12.39% 9.99% 1.01% -3.33%

Stock Performance

Shares of OrganiGram Holdings were trading at $1.69 as of July 11. Over the last 52-week period, shares are down 57.38%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all earnings releases for OrganiGram Holdings visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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