Li-Cycle Holdings Q1 2024 GAAP EPS $(0.76) Misses $(0.13) Estimate, Sales $4.200M Miss $5.808M Estimate
Portfolio Pulse from Benzinga Newsdesk
Li-Cycle Holdings (LICY) reported Q1 2024 GAAP EPS of $(0.76), missing the $(0.13) estimate, with sales of $4.2M also missing the $5.808M estimate, a 16.67% increase over last year's same period.

May 10, 2024 | 10:16 am
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NEGATIVE IMPACT
Li-Cycle Holdings reported significant misses in both EPS and sales for Q1 2024, with EPS missing estimates by 484.62% and sales missing by 27.68%, despite a 16.67% YOY sales increase.
The significant miss in both EPS and sales estimates for Li-Cycle Holdings is likely to negatively impact investor sentiment in the short term. The magnitude of the miss, especially in EPS, suggests operational challenges or costs that were higher than expected. While the YOY sales growth indicates some positive momentum, the overall miss on key financial metrics typically leads to a negative reaction in the stock price as it adjusts to the new information. Investors may reassess the company's growth trajectory and profitability outlook, leading to potential sell-offs.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100