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

Loop Industries

15/07/2024 22:54

* Loop Industries Inc  LOOP.OQ  reported a quarterly
adjusted loss
of 11 cents​​ per share for the quarter ended in May, higher
than the same quarter last year, when the company reported EPS
of -15 cents.  The lone analyst forecast for the quarter was
for a loss of 9 cents per share. 
    * Revenue fell 77.8% to $6.00 thousand from a year ago;
analysts
expected $75.00 thousand. 
    * Loop Industries Inc's reported EPS for the quarter was a
loss
of 11 cents​.
    * The company reported a quarterly loss of $5.19 million.
    * Loop Industries Inc shares had risen by 4.3% this
quarter and
lost 42.3% so far this year.

FORECAST CHANGES
    * 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 July 15 at
09:54 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
 May. 31 2024      -0.09          -0.11          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