Piedmont Lithium Inc reports results for the quarter ended June 30 - Earnings Summary

• Piedmont Lithium Inc PLL.OQ reported a quarterly adjusted loss of 44 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -69 cents. The mean expectation of three analysts for the quarter was for a loss of 59 cents per share. Wall Street expected results to range from -80 cents to -38 cents per share.

• Revenue fell 10.4% to $11.86 million from a year ago; analysts expected $16.03 million.

• Piedmont Lithium Inc's reported EPS for the quarter was a loss of 44 cents​.

• The company reported a quarterly loss of $9.74 million.

• Piedmont Lithium Inc shares had risen by 48.3% this quarter and lost 1.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 45.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty mining & metals peer group is "buy."

• Wall Street's median 12-month price target for Piedmont Lithium Inc is $7.50, about 15.1% below its last closing price of $8.63

This summary was machine generated from LSEG data August 8 at 05:23 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)