Mobileye Global (MBLY) Set to Announce Earnings on Thursday

Mobileye Global (NASDAQ:MBLY) will post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Mobileye Global to post earnings of ($0.06) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. Mobileye Global’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. On average, analysts expect Mobileye Global to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $30.96 on Thursday. The firm has a market cap of $24.96 billion, a P/E ratio of -773.81, a P/E/G ratio of 15.46 and a beta of -0.21. The firm has a 50 day simple moving average of $28.69 and a 200 day simple moving average of $33.85. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $47.41.

Insider Buying and Selling

In related news, Director Patrick P. Gelsinger acquired 3,600 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the acquisition, the director now directly owns 129,095 shares in the company, valued at approximately $3,582,386.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new stake in Mobileye Global in the 1st quarter valued at $27,000. Parkside Financial Bank & Trust increased its stake in Mobileye Global by 74.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,424 shares of the company’s stock valued at $55,000 after buying an additional 607 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Mobileye Global by 293.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,482 shares of the company’s stock valued at $57,000 after buying an additional 1,105 shares during the last quarter. Comerica Bank acquired a new stake in Mobileye Global in the 3rd quarter valued at $110,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Mobileye Global in the 4th quarter valued at $117,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MBLY has been the subject of a number of research reports. Needham & Company LLC lowered their price target on shares of Mobileye Global from $43.00 to $36.00 and set a “buy” rating for the company in a report on Friday, January 5th. Bank of America cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $47.00 to $22.00 in a research note on Thursday, January 4th. Mizuho reduced their price objective on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Piper Sandler assumed coverage on shares of Mobileye Global in a research note on Friday, March 15th. They issued a “neutral” rating and a $31.00 price objective on the stock. Finally, Royal Bank of Canada reduced their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Mobileye Global presently has an average rating of “Moderate Buy” and an average price target of $43.91.

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.