Purecycle Technologies Inc reports results for the quarter ended in December - Earnings Summary
06/03/2024 19:53
* Purecycle Technologies Inc PCT.OQ reported a quarterly
adjusted loss of 15 cents per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of -5 cents. The mean expectation of
five analysts for the quarter was for a loss of 23 cents per
share. Wall Street expected results to range from -30 cents
to -14 cents per share.
* Reported revenue was zero; analysts expected $178.00
thousand.
* Purecycle Technologies Inc's reported EPS for the quarter
was a
loss of 15 cents.
* The company reported a quarterly loss of $24.18 million.
* Purecycle Technologies Inc shares had risen by 39.8% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 13.1%
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," 2
"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 Purecycle
Technologies Inc is $6.00
This summary was machine generated from LSEG data March 6 at
07:52 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
Dec. 31 2023 -0.23 -0.15 Beat
Sep. 30 2023 -0.16 0.03 Beat
Jun. 30 2023 -0.13 -0.35 Missed
Mar. 31 2023 -0.13 -0.16 Missed