Mobileye Global (MBLY) Scheduled to Post Earnings on Thursday

Mobileye Global (NASDAQ:MBLY) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm 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%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. 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 Stock Performance

Shares of MBLY opened at $30.12 on Tuesday. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of -752.81, a PEG ratio of 14.05 and a beta of -0.22. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $47.41. The firm has a 50 day moving average price of $28.88 and a 200-day moving average price of $33.58.

Wall Street Analyst Weigh In

MBLY has been the subject of a number of recent research reports. Needham & Company LLC lowered their price objective 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. Piper Sandler started coverage on shares of Mobileye Global in a report on Friday, March 15th. They set a “neutral” rating and a $31.00 price target for the company. Royal Bank of Canada lowered their price target on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Raymond James lowered their price target on shares of Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. Finally, Mizuho lowered their price target on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.62.

Insider Transactions at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger bought 3,600 shares of Mobileye Global stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $27.75 per share, with a total value of $99,900.00. Following the transaction, the director now directly owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

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.