Brokers Set Expectations for Largo Inc.’s FY2024 Earnings (TSE:LGO)

Largo Inc. (TSE:LGO) – Research analysts at HC Wainwright reduced their FY2024 earnings per share estimates for shares of Largo in a report released on Tuesday, August 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.60) for the year, down from their prior forecast of ($0.30). The consensus estimate for Largo’s current full-year earnings is $0.01 per share.

Largo Price Performance

Shares of TSE:LGO opened at C$2.39 on Thursday. The company has a quick ratio of 1.52, a current ratio of 3.23 and a debt-to-equity ratio of 29.92. The stock has a market capitalization of C$153.13 million, a PE ratio of -3.62, a price-to-earnings-growth ratio of -0.76 and a beta of 1.99. The firm’s 50 day moving average price is C$2.61 and its 200-day moving average price is C$2.46. Largo has a twelve month low of C$1.89 and a twelve month high of C$4.98.

Largo (TSE:LGO) last posted its earnings results on Thursday, August 8th. The company reported C($0.31) earnings per share for the quarter. The firm had revenue of C$39.08 million during the quarter. Largo had a negative net margin of 15.27% and a negative return on equity of 12.20%.

Largo Company Profile

Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.