Li-Cycle Holdings Third Quarter 2024 Earnings: Beats Expectations

In This Article:

Li-Cycle Holdings (NYSE:LICY) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$8.40m (up 79% from 3Q 2023).

  • Net income: US$56.5m (up from US$130.5m loss in 3Q 2023).

  • EPS: US$2.43 (up from US$5.87 loss in 3Q 2023).

earnings-and-revenue-growth
NYSE:LICY Earnings and Revenue Growth November 10th 2024

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

Li-Cycle Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 29% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for Li-Cycle Holdings (2 make us uncomfortable!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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