Loop Industries Inc expected to post a loss of 10 cents a share - Earnings Preview

Loop Industries

24/05/2024 21:25

* Loop Industries Inc  LOOP.OQ   LOOP.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 27
(estimated) for the period ending February 29 2024
    * The Terrebonne Quebec-based  company is expected to report
a
275.0% increase in revenue to $45 thousand from $12 thousand a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Loop Industries Inc is
for a
loss of 10 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Loop
Industries
Inc is $7.25​, above​ its last closing price of $2.86. ​​​

This summary was machine generated May 24 at 20:25 GMT.  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)