Luminar Technologies, Inc. (LAZR) reported a quarterly loss of $1.50 per share compared to the Zacks Consensus Estimate predicting a loss of $1.62. In comparison, the company had a loss of $2.85 per share during the same period last year. Adjustments have been made for non-recurring events.
The current quarterly report shows an earning surprise of 7.41%. Previously, it was anticipated that the firm would record a loss of $1.65 per share; however, they ended up reporting a deficit of $1.42 per share, resulting in a positive surprise of 13.94%.
In each of the past four quarters, the company has exceeded the average earnings per share forecasts set by analysts.
Luminar Technologies, part of the Zacks Automotive - Original Equipment sector, reported quarterly earnings of $18.89 million for the period ending March 2025, exceeding the Zacks Consensus Estimate by 10.85%. In comparison, the previous year’s figure was $20.97 million. Over the past four quarters, this marks the second time the company has exceeded market expectations regarding revenue forecasts.
The potential for the stock’s short-term price fluctuation following the recent data release and projected future profits largely hinges on what insights management offers during the earnings discussion.
Since the start of the year, Luminar Technologies' stock has declined approximately 15.8%, contrasting with the S&P 500's slight increase of 0.1%.
What’s Ahead for Luminar Technologies?
As Luminar Technologies hasn't met the market expectations yet this year, investors are wondering about the future trajectory of the stock.
The crucial query doesn’t come with simple solutions; however, an effective approach that may assist investors tackle this issue is examining the company’s profit forecast. This not just encompasses present collective projections of profits expected in the upcoming quarter(s) but also considers recent shifts in those predictions.
Empirical studies indicate a significant link between short-term fluctuations in stocks and shifts in earnings estimates. Investors have the option to monitor these changes independently or utilize a well-established ranking system such as the Zacks Rank, known for effectively leveraging modifications in earnings forecasts.
Prior to the issuance of these financial results, the trajectory of estimate revisions for Luminar Technologies has been positive. Despite potential shifts in the extent and orientation of these estimates after the publication of the firm’s latest earnings figures, their present condition supports a Zacks Rank #2 (Buy) rating for the equity. Consequently, the securities are anticipated to surpass broader market performance shortly. For an exhaustive compilation of today's Zacks #1 Rank (Strong Buy) equities, you may refer to this listing.
We'll be watching closely to observe how projections for the upcoming quarters and this fiscal year evolve over the next few days. At present, analysts' average expectation stands at an earnings per share (EPS) of -$1.39 with anticipated revenues of $19.83 million for the approaching quarter, along with an estimated EPS of -$5.17 accompanied by projected revenues totaling $88.47 million for the ongoing fiscal year.
Investors ought to keep in mind that the overall prospects for the sector can significantly affect how a stock performs too. Regarding the Zacks Industry Rank, Automotive - Original Equipment presently ranks within the lowest 42% among over 250 Zacks industries. According to our analysis, those companies falling under the top half of these ranked sectors tend to perform better by more than double compared to their counterparts in the lower half.
A similar company from the same sector, Modine (MOD), hasn't announced its earnings for the quarter ending in March 2025. These results are anticipated to be published on May 20th.
The company that produces heating and cooling systems is anticipated to announce quarterly earnings of $0.96 per share in their forthcoming report, indicating a yearly increase of 24.7%. Over the past thirty days, the average estimated EPS for this period has not changed.
It is anticipated that Modine's revenue will reach $629.47 million, marking a 4.3% increase compared to the same period last year.
The article was initially posted on Zacks Investment Research (romero.my.id).
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