Local Bounti (LOCL) Projected to Release Quarterly Earnings on Wednesday

by · The Cerbat Gem

Local Bounti (NYSE:LOCL – Get Free Report) is expected to be posting its Q3 2026 results before the market opens on Wednesday, November 11th. Analysts expect the company to announce earnings of ($0.47) per share and revenue of $25.00 million for the quarter. Parties can find conference call details on the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, November 11, 2026 at 8:00 AM ET.

Local Bounti (NYSE:LOCL – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.18). The company had revenue of $13.85 million for the quarter, compared to analyst estimates of $22.00 million.

Local Bounti Stock Up 2.5%

Shares of Local Bounti stock opened at $0.94 on Wednesday. The company has a market capitalization of $22.09 million, a price-to-earnings ratio of -0.34 and a beta of 2.88. Local Bounti has a 12-month low of $0.90 and a 12-month high of $3.13. The firm’s 50-day moving average price is $1.04 and its two-hundred day moving average price is $1.40.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Local Bounti from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Local Bounti has a consensus rating of “Sell”.

Read Our Latest Analysis on Local Bounti

Insider Buying and Selling

In other Local Bounti news, CEO Kathleen Valiasek sold 118,720 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $1.06, for a total transaction of $125,843.20. Following the completion of the transaction, the chief executive officer owned 1,406,140 shares of the company’s stock, valued at approximately $1,490,508.40. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 14.20% of the company’s stock.

Local Bounti Company Profile

(Get Free Report)

Local Bounti Corporation was an indoor agriculture company that used controlled-environment farming to grow fresh produce year-round. Its operations were designed to use hydroponic systems and indoor growing environments, helping provide consistent growing conditions while reducing the distance between farms and consumers.

The company produced and marketed leafy greens, lettuce, herbs and other fresh vegetables under the Local Bounti brand. Its products were distributed through retail and food-service channels, with a focus on serving customers in regional markets from its indoor farms in the United States.

Local Bounti was founded in 2018 and became publicly traded in 2021 after completing a business combination with Leo Holdings Corp.

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