Piedmont Lithium Inc reports results for the quarter ended in June - Earnings Summary

Piedmont Lithium

09/08/2024 01:21

* Piedmont Lithium Inc  PLL.OQ  reported a quarterly
adjusted loss
of 69 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -55 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 26 cents per share. Wall Street
expected results to range from -34 cents to -19 cents per share.
    * Revenue was $13.23 million​; analysts expected $18.15
million. 
    * Piedmont Lithium Inc's reported EPS for the quarter was a
loss
of 69 cents​.
    * The company reported a quarterly loss of $13.33 million.
    * Piedmont Lithium Inc shares had fallen by 10.3% this
quarter and
lost 68.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 30% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
mining &
metals peer group is also "buy"

Wall Street's median 12-month price target for Piedmont Lithium
Inc is $26.00 
This summary was machine generated from LSEG data August 9 at
12:20 a.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
 Jun. 30 2024      -0.26          -0.69          Missed
 Mar. 31 2024      -0.54          -1.22          Missed
 Dec. 31 2023      0.45           -1.32          Missed
 Sep. 30 2023      1.50           0.88           Missed