Bearish: Analysts Just Cut Their Local Bounti Corporation (NYSE:LOCL) Revenue and EPS estimates [Yahoo! Finance]
Local Bounti Corporation (LOCL)
Company Research
Source: Yahoo! Finance
Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon. Following the downgrade, the current consensus from Local Bounti's two analysts is for revenues of US$81m in 2025 which - if met - would reflect a substantial 132% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 64% to US$6.16. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$95m and losses of US$5.16 per share in 2025. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to next year's revenue estimates, while at the same time increasing their loss per share forecasts. Check out our latest analysis for Local Bounti Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Local Bounti's rate of growth is e
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LOCL
Earnings
- 11/14/24 - Miss
LOCL
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- LOCL's page on the SEC website