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LAZRQ — Luminar Technologies News Story

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Luminar Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

Luminar Technologies Inc LAZR.OQ reported a quarterly adjusted loss of $1.49​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-2.70.  The mean expectation of four analysts for the quarter was for a loss of $1.18 per share. Wall Street expected results to range from $-1.23 to $-1.12 per share.

Revenue fell 5% to $15.63 million from a year ago; analysts expected $17.28 million.

Luminar Technologies Inc's reported EPS for the quarter was a loss of 62 cents​.

The company reported a quarterly loss of $30.5 million.

Luminar Technologies Inc shares had fallen by 6.3% this quarter and lost 50.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 20.2% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is  "buy."

Wall Street's median 12-month price target for Luminar Technologies Inc is $5.00, about 46.2% above its last closing price of $2.69

This summary was machine generated from LSEG data August 12 at 09:01 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 2025-1.18-1.49Missed
Mar. 31 2025-1.78-1.50Beat
Dec. 31 2024-2.18-1.42Beat
Sep. 30 2024-2.51-2.40Beat

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