Local Bounti LOCL will release its quarterly earnings report on Thursday, 2024-11-14. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Local Bounti to report an earnings per share (EPS) of $-2.13.
Investors in Local Bounti are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Performance in Previous Earnings
In the previous earnings release, the company missed EPS by $0.68, leading to a 7.85% drop in the share price the following trading session.
Here's a look at Local Bounti's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -2.32 | -2.14 | -2.41 | -2.84 |
| EPS Actual | -3 | -2.89 | -3.35 | -3.02 |
| Price Change % | -8.0% | -2.0% | -0.0% | 34.0% |
Local Bounti Share Price Analysis
Shares of Local Bounti were trading at $2.35 as of November 12. Over the last 52-week period, shares are down 19.43%. 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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