Luminar Technologies (LAZR) Set to Announce Quarterly Earnings on Tuesday

Luminar Technologies (NASDAQ:LAZR) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Luminar Technologies to post earnings of ($0.22) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Luminar Technologies (NASDAQ:LAZR) last announced its earnings results on Tuesday, February 27th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The firm had revenue of $22.11 million for the quarter, compared to analysts’ expectations of $27.25 million. 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 Price Performance

Shares of NASDAQ:LAZR opened at $1.68 on Friday. The business has a fifty day moving average price of $1.78 and a 200-day moving average price of $2.54. Luminar Technologies has a 1-year low of $1.21 and a 1-year high of $8.32. The company has a market capitalization of $708.78 million, a PE ratio of -1.14 and a beta of 1.54.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Bank of America restated an “underperform” rating and set a $1.20 target price (down previously from $3.50) on shares of Luminar Technologies in a research note on Wednesday, April 10th. Rosenblatt Securities decreased their target price on Luminar Technologies from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $4.00 target price (down previously from $11.00) on shares of Luminar Technologies in a research report on Wednesday, January 17th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $8.00 target price (down from $20.00) on shares of Luminar Technologies in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group dropped their target price on Luminar Technologies from $2.00 to $1.50 and set a “sell” rating for the company in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.39.

About Luminar Technologies

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.