Luna Innovations Inc expected to post earnings of 14 cents a share - Earnings Preview

Luna Innovations

29/03/2024 20:14

* Luna Innovations Inc  LUNA.OQ   LUNA.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 1
(estimated) for the period ending December 31 2023
    * The Roanoke Virginia-based  company is expected to report
a
16.0% increase in revenue to $36.777 million from $31.7 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Luna Innovations Inc is
for
earnings of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $8.50​, above​ its last closing price of $3.21. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.07        0.07       0.07      Met     -1.8
 Jun. 30 2023  0.05        0.05       0.04      Missed  -23.7
 Mar. 31 2023  0.00        0.00       0.00      Met     ​
 Dec. 31 2022              0.09       0.08      Missed  -7.7
 ​​Sep.        0.06        0.06       0.09      Beat    47.5
 30 2022                                                
 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. 31 2021  0.04        0.04       0.08      Beat    80.5
 This summary was machine generated March 29 at 20:14 GMT.  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)