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

Piedmont Lithium

10/05/2024 17:37

* Piedmont Lithium Inc  PLL.OQ  reported a quarterly
adjusted loss
of $1.22​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of -47
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 54 cents per share. Wall Street expected
results to range from $-1.19 to 12 cents per share.
    * Revenue was $13.40 million​; analysts expected $15.37
million. 
    * Piedmont Lithium Inc's reported EPS for the quarter was a
loss
of $1.22​.
    * The company reported a quarterly loss of $23.61 million.
    * Piedmont Lithium Inc shares had risen by 0.6% this
quarter and
lost 52.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 566%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $53.00 
This summary was machine generated from LSEG data May 10 at
04:37 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
 Mar. 31 2024                     -1.22          
 Dec. 31 2023      0.45           -1.32          Missed
 Sep. 30 2023      1.50           0.88           Missed
 Jun. 30 2023      -0.48          -0.55          Missed