Loop Industries, Inc. came out with a quarterly loss of $0.07 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced earnings of $0.14, delivering a surprise of +255.56%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Loop Industries, which belongs to the Zacks Technology Services industry, posted revenues of $0.25 million for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 26.00%. This compares to year-ago revenues of $0.01 million.
Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Loop Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 for the stock.
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