Local Bounti (NYSE:LOCL) Posts Earnings Results, Misses Estimates By $3.01 EPS

Local Bounti (NYSE:LOCL) released its quarterly earnings results on Wednesday. The company reported ($4.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.31) by ($3.01), RTT News reports. Local Bounti had a negative net margin of 427.08% and a negative return on equity of 1,095.76%. The business had revenue of $10.07 million during the quarter, compared to the consensus estimate of $11.30 million. During the same period in the prior year, the firm earned ($2.25) earnings per share. Local Bounti updated its Q2 2025 guidance to EPS.

Local Bounti Trading Down 1.2%

Shares of NYSE LOCL opened at $2.47 on Friday. Local Bounti has a 1-year low of $1.18 and a 1-year high of $5.75. The company has a market cap of $26.27 million, a PE ratio of -0.14 and a beta of 2.10. The company has a 50-day moving average of $2.60 and a two-hundred day moving average of $2.27.

Insiders Place Their Bets

In other news, Director Charles R. Jr. Schwab bought 70,863 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was bought at an average price of $2.00 per share, for a total transaction of $141,726.00. Following the completion of the transaction, the director now directly owns 70,863 shares in the company, valued at $141,726. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Charles R. Schwab bought 1,700,723 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of $2.00 per share, with a total value of $3,401,446.00. Following the transaction, the insider now owns 1,700,723 shares of the company’s stock, valued at $3,401,446. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 38.10% of the company’s stock.

Local Bounti Company Profile

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.