Local Bounti Corp expected to post a loss of $2.23 a share - Earnings Preview

Local Bounti

02/02/2024 12:17

* Local Bounti Corp  LOCL.N   LOCL.K  is expected to show a
rise
in quarterly revenue when it reports  results on February 5
(estimated) for the period ending December 31 2023
    * The Hamilton Montana Montana-based  company is expected to
report a 32.7% increase in revenue to $8.81 million from $6.64
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Local Bounti Corp is for
a
loss of $2.23 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Local
Bounti Corp
is $6.00​, above​ its last closing price of $2.03. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -2.86       -2.84      -3.02     Missed  -6.4
 Jun. 30 2023  -2.90       -2.71      -1.35     Beat    50.2
 Mar. 31 2023  -3.10       -3.18      -2.99     Beat    6.1​
 Dec. 31 2022  -2.60       -3.30      -3.90     Missed  -18.1
 ​​Sep.        -3.47       -3.46      -3.90     Missed  -12.8
 30 2022                                                
 Jun. 30 2022  -2.47       -2.47      -4.68     Missed  -89.5​
 Mar. 31 2022  -1.55       -1.53      -4.16     Missed  -171.2
 Dec. 31 2021              -1.69                        
 This summary was machine generated February 2 at 12:17 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)