Cormark Has Positive View of Loop Industries FY2028 Earnings

Key Takeaways:

• Cormark increased Loop Industries’ FY2028 earnings estimate to $0.15 per share.
• Analyst N. Boychuk issued the revised estimate on June 2nd.
• The updated forecast reflects growing confidence in Loop Industries’ future performance.

Cormark Analyst Raises Earnings Estimate for Loop Industries

Stock analysts at Cormark have increased their earnings estimate for Loop Industries, Inc. for the fiscal year 2028. In a note issued to investors on Monday, June 2nd, analyst N. Boychuk revised the forecast, anticipating that the financial services provider will post earnings of $0.15 per share for the year.

Positive Outlook for FY2028

The updated estimate reflects a positive outlook for Loop Industries’ future performance. While the previous earnings projections were not disclosed, the increase signifies heightened confidence from Cormark regarding the company’s financial trajectory.

Analyst’s Confidence in Loop Industries

Analyst N. Boychuk’s adjustment indicates an expectation of improved profitability for Loop Industries. By raising the earnings per share estimate, Cormark suggests that the company may experience growth leading up to and during FY2028.

Implications for Investors

Loop Industries, traded on the NASDAQ under the ticker symbol LOOP, may attract increased attention from investors due to the revised earnings forecast. Higher earnings estimates often signal potential opportunities, influencing investment decisions and market perceptions.

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