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

Luna Innovations

16/05/2022 14:32

* Luna Innovations Inc  LUNA.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of one cent per share.
    * Revenue fell 14.5% to $22.48 million from a year ago; 
analysts
expected $21.23 million. 
    * Luna Innovations Inc's reported EPS for the quarter was 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 73.3%
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 30.2% this
quarter and
lost 36.3% so far this year.
    * The company reported quarterly net income of $9.58
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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 16 at 01:32 p.m.  ​All
figures in US dollars unless otherwise stated