Local Bounti Corp expected to post a loss of $2.87 a share - Earnings Preview

Local Bounti

25/03/2025 11:40

Local Bounti Corp LOCL.N, LOCL.K is expected to show a rise in quarterly revenue when it reports  results on March 27 (estimated) for the period ending December 31 2024

The Hamilton Montana Montana-based  company is expected to report a 59.5% increase in revenue to $10.95 million from $6.87 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 $2.87 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 was unchanged in the last three months. ​

Wall Street's median 12-month price target for Local Bounti Corp is $10.00​, above​ its last closing price of $1.95. ​​​

This summary was machine generated March 25 at 11:40 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)