Organovo Holdings, Inc. (ONVO) Set to Announce Earnings on Thursday

Organovo Holdings, Inc. (NASDAQ:ONVO) will be releasing its earnings data before the market opens on Thursday, November 9th. Analysts expect Organovo Holdings to post earnings of ($0.10) per share for the quarter.

Organovo Holdings (NASDAQ:ONVO) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). Organovo Holdings had a negative net margin of 918.97% and a negative return on equity of 65.49%. The company had revenue of $0.99 million during the quarter, compared to the consensus estimate of $0.92 million. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts expect Organovo Holdings to post $-0.37 EPS for the current fiscal year and $-0.31 EPS for the next fiscal year.

ILLEGAL ACTIVITY WARNING: “Organovo Holdings, Inc. (ONVO) Set to Announce Earnings on Thursday” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://sportsperspectives.com/2017/11/02/organovo-holdings-inc-onvo-set-to-announce-earnings-on-thursday.html.

Several research firms have issued reports on ONVO. Zacks Investment Research upgraded Organovo Holdings from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research note on Wednesday, October 11th. Jefferies Group LLC reiterated a “buy” rating and set a $4.00 price objective on shares of Organovo Holdings in a research note on Tuesday, September 26th. ValuEngine lowered Organovo Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Organovo Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.00.

About Organovo Holdings

Earnings History for Organovo Holdings (NASDAQ:ONVO)

Receive News & Ratings for Organovo Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Organovo Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply