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

Luminar Technologies

08/08/2023 23:07

* Luminar Technologies Inc  LAZR.OQ  reported a quarterly
adjusted
loss of 21 cents​​ per share for the quarter ended in June. The
mean expectation of ten analysts for the quarter was for a loss
of 23 cents per share.
    * Revenue rose 63.1% to $16.20 million from a year ago;
analysts
expected $16.18 million. 
    * Luminar Technologies Inc's reported EPS for the quarter
was a
loss of 37 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Luminar Technologies Inc shares had fallen by 1.9% this
quarter and gained 36.4% so far this year.
    * The company reported a quarterly loss of $141.76 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," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:06 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.23          -0.21          Beat
 Mar. 31 2023      -0.21          -0.24          Missed
 Dec. 31 2022      -0.21          -0.26          Missed
 Sep. 30 2022      -0.20          -0.18          Beat