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

Luminar Technologies

07/05/2024 23:23

* Luminar Technologies Inc  LAZR.OQ  reported a quarterly
adjusted
loss of 19 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -24 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 20 cents per
share. Wall Street expected results to range from -31 cents
to -18 cents per share.
    * Revenue rose 44.5% to $20.97 million from a year ago;
analysts
expected $21.14 million. 
    * Luminar Technologies Inc's reported EPS for the quarter
was a
loss of 30 cents​.
    * The company reported a quarterly loss of $125.71 million.
    * Luminar Technologies Inc shares had fallen by 15.2% this
quarter and lost 50.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Luminar
Technologies Inc is $4.00 

This summary was machine generated from LSEG data May 7 at 10:22
p.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
 Mar. 31 2024      -0.20          -0.19          Beat
 Dec. 31 2023      -0.19          -0.20          Missed
 Sep. 30 2023      -0.22          -0.21          Beat
 Jun. 30 2023      -0.23          -0.21          Beat