Local Bounti Q4 Adj. EPS $(3.35) Misses $(2.43) Estimate, Sales $6.87M Miss $8.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Local Bounti (NYSE:LOCL) reported Q4 adjusted EPS of $(3.35), missing the $(2.43) estimate, and sales of $6.87M, missing the $8.70M estimate. This represents a 14.1% increase in losses and a 3.43% increase in sales from the same period last year.
March 27, 2024 | 11:22 am
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NEGATIVE IMPACT
Local Bounti reported a larger than expected Q4 loss and missed sales estimates, with adjusted EPS of $(3.35) and sales of $6.87M.
Missing both EPS and sales estimates significantly, especially by 39% for EPS, indicates underperformance and may lead to negative investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100