Li-Cycle Holdings Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Li-Cycle Holdings (NYSE:LICY) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$4.70m (up 64% from 3Q 2022).
• Net loss: US$130.5m (loss widened by 283% from 3Q 2022).
• US$0.73 loss per share (further deteriorated from US$0.19 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Li-Cycle Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 68%. Earnings per share (EPS) missed analyst estimates by 200%.

Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 4 years, compared to a 6.9% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 62% from a week ago.

Risk Analysis

Be aware that Li-Cycle Holdings is showing 2 warning signs in our investment analysis that you should know about...

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