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

Luna Innovations

09/05/2023 14:34

* Luna Innovations Inc  LUNA.OQ  reported quarterly
breakeven
results​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for breakeven
results per share.
    * Revenue rose 11.4% to $25.05 million from a year ago;
analysts
expected $24.27 million. 
    * The mean earnings estimate of analysts had fallen by
about 100%
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 14.9% this
quarter and
lost 30.4% so far this year.
    * The company reported quarterly net income of $1.84
million.
    * Wall Street's median 12-month price target for Luna
Innovations
Inc is $10.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
9 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.03           -0.02          Missed