Local Bounti Corp expected to post a loss of 24 cents a share - Earnings Preview

Local Bounti

08/05/2023 19:31

* Local Bounti Corp  LOCL.N   LOCL.K  is expected to show a
rise
in quarterly revenue when it reports  results on May 10. 
    * The Hamilton Montana Montana-based  company is expected to
report  a 2,244.9% increase in revenue to $6.613 million from
$282 thousand a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Local Bounti Corp
is for
a loss of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 5.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Local
Bounti Corp
is $3​, above​ its last closing price of $0.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.20       -0.25      -0.30     Missed  -18.1
 Sep. 30 2022  -0.27       -0.27      -0.30     Missed  -12.8
 Jun. 30 2022  -0.19       -0.19      -0.36     Missed  -89.5​
 Mar. 31 2022  -0.12       -0.12      -0.32     Missed  -171.2
 ​​Dec.                    -0.13                        
 31 2021                                                
                                                        ​
 This summary was machine generated May 8 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated