Mobileye Global (MBLY) Scheduled to Post Earnings on Thursday

Mobileye Global (NASDAQ:MBLY) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Mobileye Global to post earnings of $0.09 per share for the quarter. Mobileye Global has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. On average, analysts expect Mobileye Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $12.57 on Thursday. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The stock has a 50 day moving average price of $13.00 and a two-hundred day moving average price of $21.70. The company has a market capitalization of $10.17 billion, a P/E ratio of -59.86 and a beta of 0.08.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MBLY. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Daiwa Capital Markets cut Mobileye Global from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Fox Advisors cut Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Evercore ISI reduced their price target on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Finally, Morgan Stanley raised shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $25.00 to $18.00 in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.55.

Insider Buying and Selling

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Amnon Shashua acquired 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the purchase, the chief executive officer now directly owns 4,080,097 shares in the company, valued at $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick P. Gelsinger acquired 6,400 shares of Mobileye Global stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the acquisition, the director now directly owns 139,106 shares in the company, valued at $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.