Preview: Local Bounti's Earnings
Portfolio Pulse from Benzinga Insights
Local Bounti (NYSE:LOCL) is anticipated to release its quarterly earnings report on March 27, 2024, with an expected EPS of $-2.41. Despite past earnings misses, the company's stock price has shown volatility post-earnings announcements. Over the last year, LOCL shares have declined by 66.43%, trading at $2.82 as of March 25. Investors are keen on the upcoming earnings and particularly on the company's future guidance.
March 26, 2024 | 5:01 pm
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NEUTRAL IMPACT
Local Bounti is expected to report a quarterly EPS of $-2.41 on March 27, 2024. The company's stock has experienced significant volatility following earnings announcements, with a notable 66.43% decline over the past year.
Given Local Bounti's history of post-earnings volatility and the significant decline in stock price over the past year, the upcoming earnings report and future guidance will be crucial for investors. However, the impact of the earnings report on the stock price is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100