Purecycle Technologies Inc reports results for the quarter ended in June - Earnings Summary

PureCycle Technologies

09/08/2023 18:47

* Purecycle Technologies Inc  PCT.OQ  reported a quarterly
adjusted loss of 35 cents​​ per share for the quarter ended in
June. The mean expectation of six analysts for the quarter was
for a loss of 13 cents per share.
    * Reported revenue was zero​; analysts expected $140.00
thousand. 
    * Purecycle Technologies Inc's reported EPS for the quarter
was a
loss of 35 cents​.
    * The mean earnings estimate of analysts had risen by
about 11.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Purecycle Technologies Inc shares had fallen by 1.3% this
quarter and gained 56.1% so far this year.
    * The company reported a quarterly loss of $56.58 million.
    * Wall Street's median 12-month price target for Purecycle
Technologies Inc is $13.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 05:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.13          -0.35          Missed
 Mar. 31 2023      -0.13          -0.16          Missed
 Dec. 31 2022      -0.11          -0.05          Beat
 Sep. 30 2022      -0.11          -0.21          Missed