Local Bounti (LOCL) to Release Earnings on Thursday

Local Bounti (NYSE:LOCL) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of ($1.31) per share and revenue of $11.30 million for the quarter.

Local Bounti (NYSE:LOCL) last posted its quarterly earnings results on Monday, March 31st. The company reported ($4.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.89) by ($0.32). The company had revenue of $10.07 million during the quarter, compared to analysts’ expectations of $10.95 million. Local Bounti had a negative return on equity of 1,095.76% and a negative net margin of 427.08%. During the same period in the prior year, the business posted ($8.10) EPS. On average, analysts expect Local Bounti to post $-14 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Local Bounti Price Performance

Shares of LOCL opened at $2.40 on Wednesday. The company’s fifty day moving average price is $2.59 and its 200-day moving average price is $2.27. Local Bounti has a 1-year low of $1.18 and a 1-year high of $5.75. The firm has a market capitalization of $25.51 million, a PE ratio of -0.13 and a beta of 2.10.

Insiders Place Their Bets

In other Local Bounti news, major shareholder Charles R. Schwab acquired 1,700,723 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of $2.00 per share, for a total transaction of $3,401,446.00. Following the completion of the purchase, the insider now directly owns 1,700,723 shares of the company’s stock, valued at $3,401,446. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Jr. Schwab purchased 70,863 shares of the stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of $2.00 per share, for a total transaction of $141,726.00. Following the completion of the acquisition, the director now owns 70,863 shares of the company’s stock, valued at $141,726. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 38.10% of the stock is currently owned by insiders.

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.