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.
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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
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