Local Bounti (LOCL) to Release Earnings on Thursday

Local Bounti (NYSE:LOCL) is scheduled to be issuing 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 posted its quarterly earnings data on Tuesday, August 13th. The company reported ($3.00) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.19) by $0.19. The company had revenue of $9.44 million during the quarter, compared to analysts’ expectations of $11.30 million. Local Bounti had a negative net margin of 441.65% and a negative return on equity of 1,095.76%. During the same period in the prior year, the company posted ($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

Shares of NYSE LOCL opened at $2.37 on Tuesday. Local Bounti has a 1 year low of $1.56 and a 1 year high of $4.60. The stock’s 50-day simple moving average is $2.47 and its 200-day simple moving average is $2.71. The firm has a market cap of $20.49 million, a price-to-earnings ratio of -0.14 and a beta of 2.51.

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.