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

• Piedmont Lithium Inc PLL.OQ reported a quarterly adjusted loss of 71 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.22. The mean expectation of four analysts for the quarter was for a loss of 53 cents per share. Wall Street expected results to range from -59 cents to -46 cents per share.

• Revenue rose 49.2% to $20.00 million from a year ago; analysts expected $25.13 million.

• Piedmont Lithium Inc's reported EPS for the quarter was a loss of 71 cents​.

• The company reported a quarterly loss of $15.6 million.

• Piedmont Lithium Inc shares had risen by 12.9% this quarter and lost 18.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 89.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty mining & metals peer group is "hold."

• Wall Street's median 12-month price target for Piedmont Lithium Inc is $14.00

This summary was machine generated from LSEG data May 8 at 06:36 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)