Local Bounti Corp expected to post a loss of $2.71 a share - Earnings Preview

Local Bounti

07/08/2023 19:02

* Local Bounti Corp  LOCL.N   LOCL.K  is expected to show a
rise
in quarterly revenue when it reports  results on August 9. 
    * The Hamilton Montana Montana-based  company is expected to
report  a 10.7% increase in revenue to $6.94 million from $6.27
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Local Bounti Corp
is for
a loss of $2.71 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $26​, above​ its last closing price of $4.81. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -3.10       -3.18      -2.99     Beat    6.1
 Dec. 31 2023  -2.60       -3.30      -3.90     Missed  -18.1
 Sep. 30 2022  -3.47       -3.46      -3.90     Missed  -12.8​
 Jun. 30 2022  -2.47       -2.47      -4.68     Missed  -89.5
 ​​Mar.        -1.55       -1.53      -4.16     Missed  -171.2
 31 2022                                                
 Dec. 31 2021              -1.69                        ​
 This summary was machine generated August 7 at 18:02 GMT.  All
figures in US dollars  unless otherwise stated