Luminar Technologies Inc expected to post a loss of 19 cents a share - Earnings Preview

Luminar Technologies

24/02/2024 24:11

* Luminar Technologies Inc  LAZR.OQ   LAZR.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
27 for the period ending December 31 2023
    * The Orlando Florida-based  company is expected to report a
145.7% increase in revenue to $27.34 million from $11.13 million
a year ago, according to the mean estimate from 11 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Luminar Technologies Inc
is
for a loss of 19 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and 1 "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 $5.00​, above​ its last closing price
of $2.19. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  -0.21       -0.21      -0.24     Missed  -16.6​
 Dec. 31 2022  -0.21       -0.21      -0.26     Missed  -23.3
 ​​Sep.        -0.21       -0.20      -0.18     Beat    10.4
 30 2022                                                
 Jun. 30 2022  -0.17       -0.16      -0.18     Missed  -10.9​
 Mar. 31 2022  -0.13       -0.13      -0.16     Missed  -21.3
 Dec. 31 2021  -0.11       -0.11      -0.12     Missed  -12.4
 This summary was machine generated February 24 at 00:11 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)