Luminar Applied sciences, Inc. (LAZR) got here out with a quarterly lack of $1.42 per share versus the Zacks Consensus Estimate of a lack of $1.65. This compares to lack of $3 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 13.94%. 1 / 4 in the past, it was anticipated that this firm would put up a lack of $2.85 per share when it truly produced a lack of $2.40, delivering a shock of 15.79%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Luminar Applied sciences
The sustainability of the inventory’s speedy value motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Luminar Applied sciences shares have added about 34.6% because the starting of the 12 months versus the S&P 500’s decline of -3.5%.
What’s Subsequent for Luminar Applied sciences?
Whereas Luminar Applied sciences has outperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Luminar Applied sciences: combined. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$1.50 on $17.16 million in revenues for the approaching quarter and -$6.25 on $101.01 million in revenues for the present fiscal 12 months.
Buyers needs to be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Automotive – Unique Tools is at present within the backside 41% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Workhorse Group (WKHS), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 31.
This truck and drone producer is predicted to put up quarterly lack of $6.25 per share in its upcoming report, which represents a year-over-year change of +86.1%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Workhorse Group’s revenues are anticipated to be $3.5 million, down 20.6% from the year-ago quarter.
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Luminar Technologies, Inc. (LAZR) : Free Stock Analysis Report
Workhorse Group, Inc. (WKHS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
