Luminar Technologies (LAZR) Scheduled to Post 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. Investors interested in listening to the company’s conference call can do so using this link.

Luminar Technologies (NASDAQ:LAZR) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $22.11 million during the quarter, compared to the consensus estimate 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 Stock Performance

Luminar Technologies stock opened at $1.46 on Tuesday. Luminar Technologies has a 12 month low of $1.21 and a 12 month high of $8.32. The stock’s 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $2.59.

Analysts Set New Price Targets

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

Luminar Technologies Company Profile

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.