Local Bounti (NYSE:LOCL) is gearing up to announce its quarterly earnings on Monday, 2025-03-31. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Local Bounti will report an earnings per share (EPS) of $-3.89.
Anticipation surrounds Local Bounti's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Historical Earnings Performance
Last quarter the company missed EPS by $1.23, which was followed by a 3.43% drop in the share price the next day.
Here's a look at Local Bounti's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | -2.78 | -2.32 | -2.14 | -2.41 |
| EPS Actual | -4.01 | -3 | -2.89 | -3.35 |
| Price Change % | -3.0% | -8.0% | -2.0% | -0.0% |
Market Performance of Local Bounti's Stock
Shares of Local Bounti were trading at $2.08 as of March 27. Over the last 52-week period, shares are down 28.35%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Local Bounti visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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