Nexttrip and Loop Industries post losses for the quarter ended August 31

what happened

According to Earnings Summary, Nexttrip Inc posted an adjusted loss of 28 cents a share in the quarter that closed August 31. The average estimate from two analysts had been a 14-cent loss, and the reported EPS was negative 25 cents. Revenue came in at $547.00 thousand, well under the $1.80 million forecast, and the quarterly net loss reached $3.75 million.

Loop Industries Inc posted an adjusted deficit of 6 cents per share, a smaller loss than the 7 cents recorded a year earlier. Two analysts had expected 5 cents. Revenue was $107.00 thousand against an estimate of $312.50 thousand, and the net loss totaled $2.99 million.

Nexttrip shares slipped 9.5% during the quarter and are down 47.1% so far this year. Analysts' earnings estimates rose about 3.4% over the past three months, with no revisions in the last 30 days. The average rating is buy, and the median 12-month target of $6.38 sits about 73.2% above the last close of $1.71.

Loop Industries stock fell 17.2% over the quarter and 65.8% so far this year. Its mean estimate dropped roughly 22.2% over three months, and the average rating is strong buy. The median 12-month target of $4.55 sits about 92.5% above the last close of $0.34.

why it matters

Two signals stand out for the market: revenue at both companies fell short of analyst forecasts, and losses remained wide. Analysts covering Loop Industries cut their earnings estimates by about 22.2% over three months, while Nexttrip's estimates edged up by about 3.4%. The year-to-date declines of 47.1% for Nexttrip and 65.8% for Loop Industries show how sharply investors have already marked down both stocks.

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