Purecycle Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• Purecycle Technologies Inc PCT.OQ reported a quarterly adjusted loss of 81 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -29 cents. The mean expectation of four analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -24 cents to -19 cents per share.

• Revenue was $1.65 million​; analysts expected $4.10 million.

• Purecycle Technologies Inc's reported EPS for the quarter was a loss of 81 cents​.

• The company reported a quarterly loss of $144.24 million.

• Purecycle Technologies Inc shares had fallen by 5.1% this quarter and gained 26.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.3% 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 2 "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 "buy"

• Wall Street's median 12-month price target for Purecycle Technologies Inc is $13.50, about 8.5% above its last closing price of $12.35

This summary was machine generated from LSEG data August 8 at 03:30 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)