Local Bounti Corp expected to post a loss of $2.14 a share - Earnings Preview

Local Bounti

03/05/2024 14:02

* Local Bounti Corp  LOCL.N   LOCL.K  is expected to show a
rise
in quarterly revenue when it reports  results on May 6
(estimated) for the period ending March 31 2024
    * The Hamilton Montana Montana-based  company is expected to
report a 25.4% increase in revenue to $8.4 million from $6.7
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Local Bounti Corp is for
a
loss of $2.14 per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 8.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Local
Bounti Corp
is $8.00​, above​ its last closing price of $2.58. ​​​

This summary was machine generated May 3 at 13:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)