Luminar Technologies (LAZR) to Release Quarterly Earnings on Tuesday

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

Luminar Technologies (NASDAQ:LAZR) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The business had revenue of $22.11 million during the quarter, compared to analyst estimates 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 Trading Up 1.4 %

NASDAQ LAZR opened at $1.46 on Tuesday. Luminar Technologies has a fifty-two week low of $1.21 and a fifty-two week high of $8.32. The business’s fifty day moving average is $1.85 and its 200 day moving average is $2.59.

Analysts Set New Price Targets

LAZR has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Luminar Technologies from $2.00 to $1.50 and set a “sell” rating on the stock in a research note on Thursday, February 29th. 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 cut their price target on Luminar Technologies from $5.00 to $3.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $4.00 price objective (down from $11.00) on shares of Luminar Technologies in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $8.00 target price (down previously from $20.00) on shares of Luminar Technologies in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.