Loop Industries Inc reports results for the quarter ended in August - Earnings Summary

Loop Industries

13/10/2022 12:07

* Loop Industries Inc  LOOP.OQ  reported a quarterly
adjusted loss
of 16 cents​​ per share for the quarter ended in August. The
mean expectation of four analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue was $135.43 thousand​; analysts expected $104.33
thousand. 
    * Loop Industries Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Loop Industries Inc shares had fallen by 15.0% this
quarter and
lost 70.0% so far this year.
    * The company reported a quarterly loss of $7.71 million.
    * Wall Street's median 12-month price target for Loop
Industries
Inc is $19.50 
    * 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." 

This summary was machine generated from Refinitiv data October
13 at 11:06 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2022      -0.22          -0.16          Beat
 May. 31 2022      -0.23          -0.38          Missed
 Feb. 28 2022      -0.20          -0.30          Missed
 Nov. 30 2021      -0.17          -0.21          Missed