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

Luminar Technologies

10/05/2023 24:08

* Luminar Technologies Inc  LAZR.OQ  reported a quarterly
adjusted
loss of 24 cents​​ per share for the quarter ended in March. The
mean expectation of nine analysts for the quarter was for a loss
of 21 cents per share.
    * Revenue rose 111.7% to $14.51 million from a year ago;
analysts
expected $11.93 million. 
    * Luminar Technologies Inc's reported EPS for the quarter
was a
loss of 40 cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.1%
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 held steady so far
this
quarter and gained 31.1% so far this year.
    * The company reported a quarterly loss of $146.77 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 May
9 at 11:08 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.21          -0.24          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