Li-Cycle Holdings Corp reports results for the quarter ended in June - Earnings Summary

Li-Cycle Holdings

08/08/2024 14:32

* Li-Cycle Holdings Corp  LICY.N  reported a quarterly
adjusted
loss of $2.88​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of $-1.60.  The mean expectation of two analysts for the quarter
was for a loss of $1.98 per share. Wall Street expected
results to range from $-1.98 to $-1.98 per share.
    * Revenue rose 133.3% to $8.40 million from a year ago;
analysts
expected $4.28 million. 
    * Li-Cycle Holdings Corp's reported EPS for the quarter was
a loss
of $2.88​.
    * The company reported a quarterly loss of $8.2 million.
    * Li-Cycle Holdings Corp shares had fallen by 58.5% this
quarter and lost 42.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 88.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "hold"

Wall Street's median 12-month price target for Li-Cycle Holdings
Corp is $6.00 
This summary was machine generated from LSEG data August 8 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -1.98          -2.88          Missed
 Mar. 31 2024      -1.05          -6.08          Missed
 Dec. 31 2023      -1.80          3.04           Beat
 Sep. 30 2023      -2.02          -1.52          Beat