Piedmont Lithium Inc reports results for the quarter ended December 31 - Earnings Summary

• Piedmont Lithium Inc PLL.OQ reported a quarterly adjusted loss of 55 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-1.32. The mean expectation of six analysts for the quarter was for a loss of 50 cents per share. Wall Street expected results to range from -67 cents to -25 cents per share.

• Revenue rose 723.6% to $45.59 million from a year ago; analysts expected $33.82 million.

• Piedmont Lithium Inc's reported EPS for the quarter was a loss of 55 cents​.

• The company reported a quarterly loss of $11.1 million.

• Piedmont Lithium Inc shares had fallen by 6.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the specialty mining & metals peer group is also "hold"

Wall Street's median 12-month price target for Piedmont Lithium Inc is $13.50

This summary was machine generated from LSEG data February 20 at 02:31 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)