Luminar Technologies Inc expected to post a loss of $2.17 a share - Earnings Preview

Luminar Technologies

18/03/2025 20:03

Luminar Technologies Inc LAZR.OQ LAZR.O is expected to show a fall in quarterly revenue when it reports  results on March 20 for the period ending December 31 2024

The Orlando Florida-based  company is expected to report a 20.9% decrease in revenue to $17.5 million from $22.11 million a year ago, according to the mean estimate from 6 analysts, based on LSEG data.The company's guidance on November 11 2024, for the period ended December 31, was for revenue between $15.80 million and $16.11 million.

‚ÄãLSEG's mean analyst estimate for Luminar Technologies Inc is for a loss of $2.17 per share.

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. ‚Äã

Wall Street's median 12-month price target for Luminar Technologies Inc is $15.00‚Äã, above‚Äã its last closing price of $6.42. ‚Äã‚Äã‚Äã

Previous quarterly performance (using preferred earnings measure in US dollars). ‚Äã

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Sep. 30 2024
-2.45
-2.51
-2.40
Beat
4.5
Jun. 30 2024
-2.54
-2.76
-2.70
Beat
2.3
Mar. 31 2024
-3.07
-3.03
-2.85
Beat
5.9‚Äã
Dec. 31 2023
-2.82
-2.83
-3.00
Missed
-6.1
‚Äã‚ÄãSep. 30 2023
-3.66
-3.28
-3.15
Beat
3.9
Jun. 30 2023
-3.46
-3.44
-3.15
Beat
8.3‚Äã
Mar. 31 2023
-3.20
-3.09
-3.60
Missed
-16.6
Dec. 31 2022
-3.14
-3.16
-3.90
Missed
-23.3

This summary was machine generated March 18 at 20:02 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)