Local Bounti Corp reports results for the quarter ended in December - Earnings Summary

Local Bounti

29/03/2023 14:31

* Local Bounti Corp  LOCL.N  reported a quarterly adjusted
loss
of 30 cents​​ per share for the quarter ended in December. The
mean expectation of five analysts for the quarter was for a loss
of 25 cents per share.
    * Revenue rose 940.4% to $6.64 million from a year ago;
analysts
expected $7.28 million. 
    * Local Bounti Corp's reported EPS for the quarter was a
loss
of 30 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Local Bounti Corp shares had fallen by 67.7% this quarter.
    * The company reported a quarterly loss of $26.53 million.
    * Wall Street's median 12-month price target for Local
Bounti Corp
is $4.38 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 29 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.25          -0.30          Missed
 Sep. 30 2022      -0.27          -0.30          Missed
 Jun. 30 2022      -0.19          -0.36          Missed
 Mar. 31 2022      -0.12          -0.32          Missed