Luminar Technologies (LAZR) to Release Earnings on Tuesday

Luminar Technologies (NASDAQ:LAZR - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of ($1.75) per share and revenue of $16.27 million for the quarter.

Luminar Technologies Price Performance

LAZR stock traded up $0.01 during midday trading on Friday, reaching $3.95. The company had a trading volume of 1,078,387 shares, compared to its average volume of 1,950,191. The firm has a 50-day moving average price of $4.93 and a 200-day moving average price of $7.20. The company has a market capitalization of $167.44 million, a P/E ratio of -0.30 and a beta of 2.06. Luminar Technologies has a 1 year low of $3.30 and a 1 year high of $34.80.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their price target on Luminar Technologies from $3.50 to $2.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Luminar Technologies has an average rating of "Hold" and an average target price of $53.86.

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.