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

Luminar Technologies

12/11/2024 03:42

* Luminar Technologies Inc  LAZR.OQ  reported a quarterly
adjusted
loss of 16 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -21 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 17 cents per
share. Wall Street expected results to range from -23 cents
to -14 cents per share.
    * Revenue fell 8.6% to $15.49 million from a year ago;
analysts
expected $18.86 million. 
    * Luminar Technologies Inc's reported EPS for the quarter
was 6
cents​.
    * The company reported quarterly net income of $27.4
million.
    * Luminar Technologies Inc shares had fallen by 2.3% this
quarter and lost 73.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
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 4 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for Luminar
Technologies Inc is $1.75 
This summary was machine generated from LSEG data November 12 at
03:41 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
 Sep. 30 2024      -0.17          -0.16          Beat
 Jun. 30 2024      -0.18          -0.18          Met
 Mar. 31 2024      -0.20          -0.19          Beat
 Dec. 31 2023      -0.19          -0.20          Missed