Li-Cycle Holdings Corp reports results for the quarter ended in September 30 - Earnings Summary

• Li-Cycle Holdings Corp LICY.N reported quarterly adjusted earnings of $2.15​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.52. The mean expectation of two analysts for the quarter was for a loss of $1.32 per share. Wall Street expected results to range from $-1.98 to -66 cents per share.

• Revenue fell 6.4% to $4.40 million from a year ago; analysts expected $6.99 million.

• Li-Cycle Holdings Corp's reported EPS for the quarter was $2.15​.

• The company reported quarterly net income of $56.5 million.

• Li-Cycle Holdings Corp shares had risen by 45.2% this quarter and lost 32.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 38.4% 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 "hold" and the breakdown of recommendations is no "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 "hold"

Wall Street's median 12-month price target for Li-Cycle Holdings Corp is $2.50

This summary was machine generated from LSEG data November 8 at 02:20 a.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)