Earnings Update: Local Bounti Corporation (NYSE:LOCL) Just Reported And Analysts Are Trimming Their Forecasts [Yahoo! Finance]
Local Bounti Corporation (LOCL)
Company Research
Source: Yahoo! Finance
Revenues missed expectations somewhat, coming in at US$28m, but statutory earnings fell catastrophically short, with a loss of US$15.61 some 63% larger than what the analysts had predicted. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. View our latest analysis for Local Bounti Taking into account the latest results, the current consensus from Local Bounti's dual analysts is for revenues of US$61.7m in 2024. This would reflect a sizeable 124% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 48% to US$7.83. Before this latest report, the consensus had been expecting revenues of US$71.0m and US$7.66 per share in losses. So there's been q
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LOCL
News
- Local Bounti to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Pasco, Washington with Ribbon Cutting Ceremony [Yahoo! Finance]Yahoo! Finance
- Local Bounti to Mark Opening of New High-Tech Controlled Environment Agriculture Facility in Pasco, Washington with Ribbon Cutting CeremonyPR Newswire
- Local Bounti Receives Continued Listing Standard Notice from NYSE [Yahoo! Finance]Yahoo! Finance
- Local Bounti Receives Continued Listing Standard Notice from NYSEPR Newswire
- Kirk Maynord hits the gas and pulls away at Golfweek Senior Division National Championship [USA TODAY]USA TODAY
LOCL
Earnings
- 3/27/24 - Miss
LOCL
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- LOCL's page on the SEC website