Local Bounti (LOCL) Set to Announce Quarterly Earnings on Thursday

Local Bounti (NYSE:LOCL) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($2.78) per share for the quarter.

Local Bounti (NYSE:LOCL) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($3.00) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.19) by $0.19. Local Bounti had a negative return on equity of 1,095.76% and a negative net margin of 441.65%. The company had revenue of $9.44 million during the quarter, compared to the consensus estimate of $11.30 million. During the same period in the previous year, the business earned ($1.35) EPS. On average, analysts expect Local Bounti to post $-11 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Local Bounti Stock Performance

LOCL opened at $2.37 on Tuesday. Local Bounti has a one year low of $1.56 and a one year high of $4.60. The company has a market cap of $20.49 million, a P/E ratio of -0.14 and a beta of 2.51. The business’s 50-day simple moving average is $2.47 and its 200-day simple moving average is $2.71.

Local Bounti Company Profile

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.