Luminar Technologies (LAZR) Scheduled to Post Earnings on Monday

Luminar Technologies (NASDAQ:LAZR) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Luminar Technologies (NASDAQ:LAZR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.04. The company had revenue of $16.50 million during the quarter, compared to the consensus estimate of $20.36 million. Luminar Technologies’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.37) EPS. On average, analysts expect Luminar Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Luminar Technologies Stock Down 1.4 %

Shares of NASDAQ:LAZR opened at $0.88 on Friday. The business has a fifty day simple moving average of $0.85 and a 200 day simple moving average of $1.26. The firm has a market cap of $433.87 million, a P/E ratio of -0.69 and a beta of 1.61. Luminar Technologies has a 12-month low of $0.73 and a 12-month high of $3.69.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LAZR shares. JPMorgan Chase & Co. dropped their target price on shares of Luminar Technologies from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $1.00 price objective on shares of Luminar Technologies in a research report on Tuesday, September 10th. Citigroup cut their price target on shares of Luminar Technologies from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Rosenblatt Securities reissued a “neutral” rating and issued a $2.00 target price on shares of Luminar Technologies in a research report on Wednesday, October 2nd. Finally, Westpark Capital reiterated a “buy” rating and issued a $9.00 target price on shares of Luminar Technologies in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Luminar Technologies has a consensus rating of “Hold” and an average price target of $3.74.

Luminar Technologies Company Profile

Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.