Luminar Technologies Inc expected to post a loss of 23 cents a share - Earnings Preview

Luminar Technologies

05/08/2023 03:10

* Luminar Technologies Inc  LAZR.OQ   LAZR.O  is expected
to show
a rise in quarterly revenue when it reports  results on August
8. 
    * The Orlando Florida-based  company is expected to report 
a
62.9% increase in revenue to $16.178 million from $9.93 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. The company's guidance on May 9 2023,
for the period ended June 30, was for revenue between $15.00
million and $17.00 million.
    * ​Refinitiv's mean analyst estimate for Luminar
Technologies Inc
is for a loss of 23 cents per share. The company's EPS guidance
on May 9 2023, for the period ended June 30, was about USD-0.24
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"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 $12​, above​ its last closing price
of $7.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.21       -0.21      -0.24     Missed  -16.6
 Dec. 31 2023  -0.21       -0.21      -0.26     Missed  -23.3
 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.        -0.13       -0.13      -0.16     Missed  -21.3
 31 2022                                                
 Dec. 31 2021  -0.11       -0.11      -0.12     Missed  -12.4​
 Sep. 30 2021  -0.10       -0.10      -0.10     Met     -2.6
 Jun. 30 2021  -0.08       -0.07      -0.11     Missed  -46.7
 This summary was machine generated August 5 at 02:10 GMT.  All
figures in US dollars  unless otherwise stated