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

Loop Industries

14/07/2022 01:01

* Loop Industries Inc  LOOP.OQ  reported a quarterly
adjusted loss
of 38 cents​​ per share for the quarter ended in May. The mean
expectation of three analysts for the quarter was for a loss
of 23 cents per share.
    * Reported revenue was zero​;  analysts expected zero. 
    * Loop Industries Inc's reported EPS for the quarter was a
loss
of 38 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15%
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 risen by 28.4% this
quarter and
lost 59.4% so far this year.
    * The company reported a quarterly loss of $18.01 million.
    * Wall Street's median 12-month price target for Loop
Industries
Inc is $21.00 
    * 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 July 14 at 12:01 a.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2022      -0.23          -0.38          Missed
 Feb. 28 2022      -0.20          -0.30          Missed
 Nov. 30 2021      -0.17          -0.21          Missed
 Aug. 31 2021      -0.28          -0.19          Beat
 This summary was machine generated from Refinitiv data July 14
at 12:01 a.m