Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Īdient's revenues are expected to be $3.55 billion, up 28.1% from the year-ago quarter. This automotive seating and interiors supplier is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +312.5%. The results are expected to be released on November 4. One other stock from the same industry, Adient (ADNT), is yet to report results for the quarter ended September 2022. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 33% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is -$0.22 on $16.37 million in revenues for the coming quarter and -$0.77 on $42.38 million in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to perform in line with the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Luminar Technologies, Inc. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for Luminar Technologies, Inc. The Zacks Consensus Estimate for the bottom line is pegged at a loss of 22 cents per share for the quarter. Shares have lost about 51.2% since the beginning of the year versus the S&P 500's decline of -19.1%. Luminar LAZR is scheduled to release fourth-quarter 2022 results on Feb 28. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $7.98 million. , which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $12.79 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 39.73%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. A quarter ago, it was expected that this company would post a loss of $0.17 per share when it actually produced a loss of $0.18, delivering a surprise of -5.88%. This quarterly report represents an earnings surprise of 14.29%. These figures are adjusted for non-recurring items. This compares to loss of $0.10 per share a year ago. ![]() ![]() (LAZR) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.21. This article was generated by Benzinga's automated content engine and reviewed by an editor.Luminar Technologies, Inc. If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. Typically, analysts will rate each stock once a quarter. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. How Are Analyst Ratings Determined?Īnalysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. ![]() ![]() Stay up to date on Luminar Technologies analyst ratings.
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