Local Bounti Corp reports results for the quarter ended June 30 - Earnings Summary

Reuters
2025.08.13 13:32
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Local Bounti Corpreported a quarterly adjusted loss of $1.63 per share for the quarter ended June 30, exceeding last year's loss of $3.00. Revenue increased by 28.2% to $12.10 million, slightly below the expected $12.40 million. The company incurred a total loss of $21.58 million. Despite the losses, shares rose 7.3% this quarter and 21.3% year-to-date. Analysts maintain a "strong buy" rating, with a median 12-month price target of $7.50, representing a 66.5% upside from the last closing price of $2.51.

  • Local Bounti Corp (LOCL.N) reported a quarterly adjusted loss of $1.63​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-3.00. The mean expectation of two analysts for the quarter was for a loss of $1.29 per share. Wall Street expected results to range from $-1.95 to -64 cents per share.
  • Revenue rose 28.2% to $12.10 million from a year ago; analysts expected $12.40 million.
  • Local Bounti Corp’s reported EPS for the quarter was a loss of $1.63​.
  • The company reported a quarterly loss of $21.58 million.
  • Local Bounti Corp shares had risen by 7.3% this quarter and gained 21.3% so far this year. FORECAST CHANGES
  • The mean earnings estimate of analysts was unchanged in the last three months.​
  • In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS
  • The current average analyst rating on the shares is “strong buy” and the breakdown of recommendations is 2 “strong buy” or “buy,” no “hold” and no “sell” or “strong sell.” The average consensus recommendation for the fishing & farming peer group is

“buy.”

  • Wall Street’s median 12-month price target for Local Bounti Corp is $7.50, about 66.5% above its last closing price of $2.51 This summary was machine generated from LSEG data August 13 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Jun. 30 2025 -1.29 -1.63 Missed

Mar. 31 2025 -1.68 -4.32 Missed

Dec. 31 2024 -2.87 -4.21 Missed

Sep. 30 2024 -2.13 -3.98 Missed

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