Loop Industries Inc expected to post a loss of 22 cents a share - Earnings Preview

Loop Industries

11/10/2022 11:10

* Loop Industries Inc  LOOP.OQ   LOOP.O  is expected to show
a
rise in quarterly revenue when it reports  results on October 13
(estimated). 
    * The Terrebonne Quebec-based  company is expected to report
revenue of $104.33 thousand, according to the mean estimate from
3 analysts, based on Refinitiv data.  
    * ​Refinitiv's mean analyst estimate for Loop Industries Inc
is
for a loss of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $19.5​, above​ its last closing price of $3.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 May. 31 2022  -0.27       -0.23      -0.38     Missed  -65.2
 Feb. 28 2022              -0.20      -0.30     Missed  -50
 Nov. 30 2021  -0.17       -0.17      -0.21     Missed  -22.1​
 Aug. 31 2021  -0.28       -0.28      -0.19     Beat    32.1
 ​​May.        -0.29       -0.29      -0.29     Met     0
 31 2021                                                
 Feb. 28 2021              -0.19      -0.32     Missed  -64.1​
 Nov. 30 2020  -0.12       -0.12      -0.22     Missed  -83.3
 Aug. 31 2020  -0.10       -0.10      -0.13     Missed  -30
 This summary was machine generated October 11 at 10:09 GMT.  All
figures in US dollars  unless otherwise stated