Luna Innovations Inc expected to post breakeven results a share - Earnings Preview

Luna Innovations

05/05/2023 19:34

* Luna Innovations Inc  LUNA.OQ   LUNA.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 9. 
    * The Roanoke Virginia-based  company is expected to report 
a
8.0% increase in revenue to $24.275 million from $22.48 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on March 14
2023, for the period ended March 31, was for revenue between
$23.00 million and $25.00 million.
    * ​Refinitiv's mean analyst estimate for Luna Innovations
Inc is
for breakeven results per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Luna
Innovations
Inc is $10.25​, above​ its last closing price of $6.28. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022              0.09       0.08      Missed  -7.7
 Sep. 30 2022  0.06        0.06       0.09      Beat    47.5
 Jun. 30 2022  0.04        0.03       -0.02     Missed  -160.6
                                                        ​
 Mar. 31 2022  0.01        0.01       0.05      Beat    275.1
 ​​Dec.        0.04        0.04       0.08      Beat    80.5
 31 2021                                                
 Sep. 30 2021  0.08        0.08       0.03      Missed  -63.4​
 Jun. 30 2021  0.06        0.06       0.06      Met     5.9
 Mar. 31 2021  0.04        0.05       0.03      Missed  -35.7
 This summary was machine generated May 5 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated