Luminar Technologies Inc expected to post a loss of 18 cents a share - Earnings Preview

Luminar Technologies

03/08/2024 03:06

* Luminar Technologies Inc  LAZR.OQ   LAZR.O  is expected
to show
a rise in quarterly revenue when it reports  results on August 6
for the period ending June 30 2024
    * The Orlando Florida-based  company is expected to report a
25.9% increase in revenue to $20.387 million from $16.2 million
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Luminar Technologies Inc
is
for a loss of 18 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Luminar
Technologies Inc is $3.00​, above​ its last closing price
of $1.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.20       -0.20      -0.19     Beat    5.9
 Dec. 31 2024  -0.19       -0.19      -0.20     Missed  -6.1
 Sep. 30 2023  -0.24       -0.22      -0.21     Beat    3.9​
 Jun. 30 2023  -0.23       -0.23      -0.21     Beat    8.3
 ​​Mar.        -0.21       -0.21      -0.24     Missed  -16.6
 31 2023                                                
 Dec. 31 2022  -0.21       -0.21      -0.26     Missed  -23.3​
 Jan. 1 0001   -0.21                  -0.18             10.4
 Jan. 1 0001   -0.17       -0.16      -0.18     Missed  -10.9
 This summary was machine generated August 3 at 02:05 GMT.  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)