Luna Innovations Inc reports results for the quarter ended in June - Earnings Summary

Luna Innovations

10/08/2023 22:54

* Luna Innovations Inc  LUNA.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 5 cents per share.
    * Revenue rose 11.5% to $29.16 million from a year ago;
analysts
expected $29.73 million. 
    * Luna Innovations Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Luna Innovations Inc shares had fallen by 3.1% this
quarter and
gained 0.6% so far this year.
    * The company reported a quarterly loss of $1.6 million.
    * Wall Street's median 12-month price target for Luna
Innovations
Inc is $10.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:54 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.05           0.04           Missed
 Mar. 31 2023      0.00           0.00           Met
 Dec. 31 2022      0.09           0.08           Missed
 Sep. 30 2022      0.06           0.09           Beat