Local Bounti Reaffirmed Its FY23 Sales Guidance Of $34M-$40M Vs. $35.75M Consensus
Portfolio Pulse from Benzinga Newsdesk
Local Bounti has reaffirmed its FY23 sales guidance of $34M-$40M, which is in line with the consensus estimate of $35.75M.

August 09, 2023 | 11:20 am
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NEUTRAL IMPACT
Local Bounti's reaffirmed FY23 sales guidance aligns with the consensus estimate, indicating stable financial expectations.
Local Bounti's reaffirmed sales guidance for FY23 is in line with the consensus estimate. This suggests that the company's financial expectations are stable and in line with market expectations, which is generally a positive signal for investors. However, as this is a reaffirmation of previous guidance, it may not have a significant impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100