Loop Industries Inc reports results for the quarter ended November 30 - Earnings Summary

Loop Industries

14/01/2025 22:28

* Loop Industries Inc  LOOP.OQ  reported a quarterly
adjusted loss
of 7 cents​​ per share for the quarter ended November 30, higher
than the same quarter last year, when the company reported EPS
of -9 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 -9 cents per share.
    * Revenue rose 100% to $52.00 thousand from a year ago;
analysts
expected $21.00 thousand. 
    * Loop Industries Inc's reported EPS for the quarter was a
loss
of 25 cents​.
    * The company reported a quarterly loss of $11.91 million.
    * Loop Industries Inc shares had risen by 4.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Loop Industries
Inc is $4.00 
This summary was machine generated from LSEG data January 14 at
10:27 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 2024      -0.10          -0.07          Beat
 Aug. 31 2024      -0.11          -0.10          Beat
 May. 31 2024      -0.09          -0.11          Missed
 Feb. 29 2024      -0.10          -0.10          Met