Loop Industries Inc expected to post a loss of 7 cents a share - Earnings Preview

Loop Industries

08/01/2024 21:03

* Loop Industries Inc  LOOP.OQ   LOOP.O  is expected to show
a
rise in quarterly revenue when it reports  results on January 10
(estimated) for the period ending August 31 2023
    * The Terrebonne Quebec-based  company is expected to report
a
40.0% increase in revenue to $35 thousand from $25 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 7 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 $6.15​, above​ its last closing price of $3.50. ​​​

This summary was machine generated January 8 at 21:03 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)