Mobileye Global (MBLY) Set to Announce Earnings on Thursday

Mobileye Global (NASDAQ:MBLYGet Rating) is set to post its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect Mobileye Global to post 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Mobileye Global (NASDAQ:MBLYGet Rating) last announced its earnings results on Wednesday, December 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $450.00 million for the quarter, compared to analysts’ expectations 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 Trading Down 3.2 %

Shares of MBLY opened at $34.12 on Wednesday. Mobileye Global has a fifty-two week low of $24.85 and a fifty-two week high of $37.31. The business’s 50 day simple moving average is $32.27.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MBLY. JPMorgan Chase & Co. began coverage on shares of Mobileye Global in a research note on Tuesday, December 13th. They set an “overweight” rating and a $50.00 target price on the stock. Citigroup initiated coverage on shares of Mobileye Global in a research report on Monday, November 21st. They issued a “buy” rating on the stock. Raymond James initiated coverage on shares of Mobileye Global in a research report on Monday, November 21st. They issued a “strong-buy” rating and a $50.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Mobileye Global in a research report on Monday, November 21st. They issued an “equal weight” rating and a $32.00 price objective on the stock. Finally, Mizuho increased their price objective on shares of Mobileye Global from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, December 16th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Mobileye Global Company Profile

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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.

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