Luminar Technologies Inc LAZR.OQ LAZR.O is expected to show a fall in quarterly revenue when it reports results on March 20 for the period ending December 31 2024
The Orlando Florida-based company is expected to report a 20.9% decrease in revenue to $17.5 million from $22.11 million a year ago, according to the mean estimate from 6 analysts, based on LSEG data.The company's guidance on November 11 2024, for the period ended December 31, was for revenue between $15.80 million and $16.11 million.
LSEG's mean analyst estimate for Luminar Technologies Inc is for a loss of $2.17 per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Luminar Technologies Inc is $15.00, above its last closing price of $6.42.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | -2.45 | -2.51 | -2.40 | Beat | 4.5 |
Jun. 30 2024 | -2.54 | -2.76 | -2.70 | Beat | 2.3 |
Mar. 31 2024 | -3.07 | -3.03 | -2.85 | Beat | 5.9 |
Dec. 31 2023 | -2.82 | -2.83 | -3.00 | Missed | -6.1 |
Sep. 30 2023 | -3.66 | -3.28 | -3.15 | Beat | 3.9 |
Jun. 30 2023 | -3.46 | -3.44 | -3.15 | Beat | 8.3 |
Mar. 31 2023 | -3.20 | -3.09 | -3.60 | Missed | -16.6 |
Dec. 31 2022 | -3.14 | -3.16 | -3.90 | Missed | -23.3 |
This summary was machine generated March 18 at 20:02 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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