Loop Industries Inc reports results for the quarter ended May 31 - Earnings Summary

• Loop Industries Inc LOOP reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of two analysts for the quarter was for a loss of 7 cents per share.

• Revenue rose 4,100% to $252.00 thousand from a year ago; analysts expected $1.24 million.

• Loop Industries Inc's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $3.45 million.

• Loop Industries Inc shares had fallen by 9.9% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 36.4% 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 $3.00, about 57.3% above its last closing price of $1.28

This summary was machine generated from LSEG data July 15 at 09:14 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)