Li-Cycle Holdings Corp reports results for the quarter ended in September 30 - Earnings Summary

Li-Cycle Holdings

08/11/2024 02:20

* Li-Cycle Holdings Corp  LICY.N  reported quarterly
adjusted
earnings of $2.15​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $-1.52.  The mean expectation of two analysts
for the quarter was for a loss of $1.32 per share. Wall Street
expected results to range from $-1.98 to -66 cents per share.
    * Revenue fell 6.4% to $4.40 million from a year ago;
analysts
expected $6.99 million. 
    * Li-Cycle Holdings Corp's reported EPS for the quarter was
$2.15​.
    * The company reported quarterly net income of $56.5
million.
    * Li-Cycle Holdings Corp shares had risen by 45.2% this
quarter and lost 32.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 38.4%
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," 2
"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 $2.50 
This summary was machine generated from LSEG data November 8 at
02:20 a.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
 Sep. 30 2024      -1.32          2.15           Beat
 Jun. 30 2024      -1.98          -2.88          Missed
 Mar. 31 2024      -1.05          -6.08          Missed
 Dec. 31 2023      -1.80          3.04           Beat