Luminar Technologies Inc reports results for the quarter ended in December - Earnings Summary

Luminar Technologies

28/02/2023 22:01

* Luminar Technologies Inc  LAZR.OQ  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in December.
The mean expectation of ten analysts for the quarter was for a
loss of 21 cents per share.
    * Revenue fell 9.9% to $11.13 million from a year ago;
analysts
expected $12.52 million. 
    * Luminar Technologies Inc's reported EPS for the quarter
was a
loss of 40 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Luminar Technologies Inc shares had risen by 79.2% this
quarter.
    * The company reported a quarterly loss of $144.82 million.
    * Wall Street's median 12-month price target for Luminar
Technologies Inc is $12.00 
    * 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." 

This summary was machine generated from Refinitiv data February
28 at 10:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.21          -0.26          Missed
 Sep. 30 2022      -0.20          -0.18          Beat
 Jun. 30 2022      -0.16          -0.18          Missed
 Mar. 31 2022      -0.13          -0.16          Missed