Local Bounti (LOCL) Set to Announce Earnings on Thursday

Local Bounti (NYSE:LOCL) will be issuing its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($2.78) per share for the quarter.

Local Bounti (NYSE:LOCL) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($3.00) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.19) by $0.19. The business had revenue of $9.44 million for the quarter, compared to analyst estimates of $11.30 million. Local Bounti had a negative net margin of 441.65% and a negative return on equity of 1,095.76%. During the same period in the previous year, the business posted ($1.35) earnings per share. On average, analysts expect Local Bounti to post $-11 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Local Bounti Stock Down 4.0 %

Shares of NYSE:LOCL opened at $2.37 on Tuesday. The company has a 50-day moving average price of $2.47 and a 200 day moving average price of $2.71. Local Bounti has a 52 week low of $1.56 and a 52 week high of $4.60. The company has a market cap of $20.49 million, a P/E ratio of -0.14 and a beta of 2.51.

Local Bounti Company Profile

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.