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

Loop Industries

16/01/2024 22:02

* Loop Industries Inc  LOOP.OQ  reported a quarterly
adjusted loss
of 9 cents​​ per share for the quarter ended in November, higher
than the same quarter last year, when the company reported EPS
of -16 cents.  The mean expectation of two analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -8 cents to -7 cents per share.
    * Revenue rose 4% to $26.00 thousand from a year ago;
analysts
expected $35.00 thousand. 
    * Loop Industries Inc's reported EPS for the quarter was a
loss
of 9 cents​.
    * The company reported a quarterly loss of $4.24 million.
    * Loop Industries Inc shares had fallen by 3.4% this
quarter.

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." 
    * Wall Street's median 12-month price target for Loop
Industries
Inc is $6.15 

This summary was machine generated from LSEG data January 16 at
10:01 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
 Nov. 30 2023      -0.07          -0.09          Missed
 Aug. 31 2023      -0.10          -0.10          Met
 May. 31 2023      -0.11          -0.15          Missed
 Feb. 28 2023      -0.15          0.11           Beat