Published on 28 Mar 2024 on Zacks via Yahoo Finance
Why OrganiGram (OGI) Might Surprise This Earnings Season
Investors are always looking for stocks that are poised to beat at earnings season and Organigram Holdings Inc. OGI may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because OrganiGram is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for OGI in this report.In fact, the Most Accurate Estimate for the current quarter is currently at a loss of 5 cents per share for OGI, narrower than the broader Zacks Consensus Estimate of a loss of 6 cents per share. This suggests that analysts have very recently bumped up their estimates for OGI, giving the stock a Zacks Earnings ESP of +21.05% heading into earnings season.
Organigram Holdings Inc. Price and EPS Surprise
