Luminar Technologies Inc expected to post a loss of 21 cents a share - Earnings Preview

Luminar Technologies

25/02/2023 01:42

* Luminar Technologies Inc  LAZR.OQ   LAZR.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
27 (estimated). 
    * The Orlando Florida-based  company is expected to report 
a
1.4% increase in revenue to $12.523 million from $12.34 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. The company's guidance on November 2
2022, for the period ended December 31, was for revenue between
$11.00 million and $13.00 million.
    * ​Refinitiv's mean analyst estimate for Luminar
Technologies Inc
is for a loss of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "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 $12​, above​ its last closing price
of $8.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.21       -0.20      -0.18     Beat    10.4
 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
 ​​Sep.        -0.10       -0.10      -0.10     Met     -2.6
 30 2021                                                
 Jun. 30 2021  -0.08       -0.07      -0.11     Missed  -46.7​
 Mar. 31 2021  -0.07       -0.06      -0.23     Missed  -265.1
 Dec. 31 2020  -0.05       -0.05      -2.72     Missed  -5,032
                                                        .1
 This summary was machine generated February 25 at 01:42 GMT. 
All figures in US dollars  unless otherwise stated