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

Loop Industries

29/05/2024 23:32

* Loop Industries Inc  LOOP.OQ  reported a quarterly
adjusted loss
of 10 cents​​ per share for the quarter ended in February, lower
than the same quarter last year, when the company reported EPS
of 11 cents.  The mean expectation of two analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -11 cents to -10 cents per share.
    * Revenue rose 275% to $45.00 thousand from a year ago;
analysts
expected $45.00 thousand. 
    * Loop Industries Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $5.09 million.
    * Loop Industries Inc shares had fallen by 8.9% this
quarter and
lost 32.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is  "buy."

Wall Street's median 12-month price target for Loop Industries
Inc is $7.25 
This summary was machine generated from LSEG data May 29 at
10:32 p.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
 Feb. 29 2024      -0.10          -0.10          Met
 Nov. 30 2023      -0.07          -0.09          Missed
 Aug. 31 2023      -0.10          -0.10          Met
 May. 31 2023      -0.11          -0.15          Missed