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

Luminar Technologies

28/02/2024 04:33

* Luminar Technologies Inc  LAZR.OQ  reported a quarterly
adjusted
loss of 20 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -26 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 19 cents per
share. Wall Street expected results to range from -20 cents
to -18 cents per share.
    * Revenue rose 98.8% to $22.11 million from a year ago;
analysts
expected $27.34 million. 
    * Luminar Technologies Inc's reported EPS for the quarter
was a
loss of 36 cents​.
    * The company reported a quarterly loss of $148.4 million.
    * Luminar Technologies Inc shares had fallen by 33.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Luminar
Technologies Inc is $5.00 
This summary was machine generated from LSEG data February 28 at
04:32 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.19          -0.20          Missed
 Sep. 30 2023      -0.22          -0.21          Beat
 Jun. 30 2023      -0.23          -0.21          Beat
 Mar. 31 2023      -0.21          -0.24          Missed