Core Insights - Local Bounti Corporation reported a quarterly loss of $4.32 per share, significantly worse than the Zacks Consensus Estimate of a loss of $1.31, marking an earnings surprise of -229.77% [1] - The company generated revenues of $11.61 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 4.55% and showing an increase from $8.38 million year-over-year [2] - Local Bounti shares have increased by approximately 25.1% since the beginning of the year, outperforming the S&P 500's gain of 0.1% [3] Financial Performance - Over the last four quarters, Local Bounti has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$1.22 on revenues of $12.3 million, and for the current fiscal year, it is -$4.35 on revenues of $59.2 million [7] Market Outlook - The estimate revisions trend for Local Bounti is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The Agriculture - Operations industry, to which Local Bounti belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [8]
Local Bounti Corporation (LOCL) Reports Q1 Loss, Tops Revenue Estimates