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

Luna Innovations

10/11/2022 22:49

* Luna Innovations Inc  LUNA.OQ  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 6 cents per share.
    * Revenue rose 43.4% to $29.15 million from a year ago;
analysts
expected $29.15 million. 
    * Luna Innovations Inc's reported EPS for the quarter was
$1.48​.
    * The mean earnings estimate of analysts had fallen by
about 5.2%
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 risen by 16.2% this
quarter and
lost 38.9% so far this year.
    * The company reported quarterly net income of $1.2 million.
    * Wall Street's median 12-month price target for Luna
Innovations
Inc is $10.38 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
10 at 10:49 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.06           0.09           Beat
 Jun. 30 2022      0.03           -0.02          Missed
 Mar. 31 2022      0.01           0.05           Beat
 Dec. 31 2021      0.04           0.08           Beat