Luna Innovations Inc expected to post earnings of 5  cents a share - Earnings Preview

Luna Innovations

09/08/2023 24:36

* Luna Innovations Inc  LUNA.OQ   LUNA.O  is expected
to show a
rise in quarterly revenue when it reports  results on August
10. 
    * The Roanoke Virginia-based  company is expected to report 
a
13.7% increase in revenue to $29.734 million from $26.16 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on June 4 2023,
for the period ended June 30, was for revenue between $29.00
million and $31.00 million.
    * ​Refinitiv's mean analyst estimate for Luna Innovations
Inc is
for earnings of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "Buy".​
    * Wall Street's median 12-month price target for Luna
Innovations
Inc is $10​, above​ its last closing price of $8.94. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.00        0.00       0.00      Met     
 Dec. 31 2023              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.        0.01        0.01       0.05      Beat    275.1
 31 2022                                                
 Dec. 31 2021  0.04        0.04       0.08      Beat    80.5​
 Sep. 30 2021  0.08        0.08       0.03      Missed  -63.4
 Jun. 30 2021  0.06        0.06       0.06      Met     5.9
 This summary was machine generated August 8 at 23:36 GMT.  All
figures in US dollars  unless otherwise stated