Mobileye Global (MBLY) Set to Announce Earnings on Thursday

Mobileye Global (NASDAQ:MBLY – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Mobileye Global has set its FY 2022 guidance at EPS and its Q4 2022 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Mobileye Global (NASDAQ:MBLY – Get Rating) last released its quarterly earnings results on Wednesday, December 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $450.00 million for the quarter, compared to analyst estimates of $449.93 million. On average, analysts expect Mobileye Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mobileye Global Stock Performance

Mobileye Global stock opened at $34.12 on Wednesday. The business’s 50-day moving average price is $32.27. Mobileye Global has a 12-month low of $24.85 and a 12-month high of $37.31.

Insider Buying and Selling

In related news, CEO Amnon Shashua purchased 476,191 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the purchase, the chief executive officer now owns 476,191 shares in the company, valued at $10,000,011. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Mobileye Global news, CEO Amnon Shashua bought 476,191 shares of the stock in a transaction on Friday, October 28th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the purchase, the chief executive officer now directly owns 476,191 shares in the company, valued at $10,000,011. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the stock in a transaction on Friday, October 28th. The shares were acquired at an average price of $21.00 per share, with a total value of $997,899.00. Following the purchase, the director now owns 47,519 shares of the company’s stock, valued at $997,899. The disclosure for this purchase can be found here.

Analyst Upgrades and Downgrades

MBLY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mobileye Global in a research report on Tuesday, January 17th. They issued a “buy” rating and a $48.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Mobileye Global in a research report on Monday, November 21st. They issued a “buy” rating and a $36.00 target price on the stock. Cowen started coverage on shares of Mobileye Global in a research report on Monday, November 21st. They issued an “outperform” rating and a $35.00 target price on the stock. Robert W. Baird lifted their price target on shares of Mobileye Global from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, December 8th. Finally, Loop Capital started coverage on shares of Mobileye Global in a research report on Tuesday. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.33.

About Mobileye Global

(Get Rating)

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.