Local Bounti (LOCL) Scheduled to Post Earnings on Thursday

Local Bounti (NYSE:LOCL) is scheduled to release its earnings data before the market opens on Thursday, May 9th. Analysts expect Local Bounti to post earnings of ($2.76) per share for the quarter. Local Bounti has set its Q1 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Local Bounti (NYSE:LOCL) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($8.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.18) by ($4.92). The firm had revenue of $6.87 million for the quarter, compared to analyst estimates of $7.40 million. Local Bounti had a negative return on equity of 167.86% and a negative net margin of 450.03%. On average, analysts expect Local Bounti to post $-10 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Local Bounti Stock Performance

NYSE:LOCL opened at $2.88 on Wednesday. The company has a debt-to-equity ratio of 18.20, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a market cap of $24.31 million, a PE ratio of -0.19 and a beta of 2.57. The firm has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $2.59. Local Bounti has a 1-year low of $1.17 and a 1-year high of $6.89.

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.