Luminar Technologies (LAZR) Expected to Announce Earnings on Tuesday

Key Points

• Luminar Technologies (LAZR) is set to release its Q2 2025 earnings on August 12th, with analysts predicting a loss of ($1.19) per share and revenue of $17.27 million.
• The company's stock has declined 2.2%, currently trading at $2.73, and has a market capitalization of $127.98 million.
• Analysts maintain a consensus rating of "Hold" for LAZR, with a significant drop in target price from Goldman Sachs, now at $2.00.

Luminar Technologies (NASDAQ:LAZR - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Tuesday, August 12th. Analysts expect Luminar Technologies to post earnings of ($1.19) per share and revenue of $17.27 million for the quarter. Luminar Technologies has set its FY 2025 guidance at EPS.

Luminar Technologies (NASDAQ:LAZR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($1.50) EPS for the quarter, topping analysts' consensus estimates of ($1.75) by $0.25. The firm had revenue of $18.89 million for the quarter, compared to analysts' expectations of $16.27 million. The firm's quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.19) EPS. On average, analysts expect Luminar Technologies to post $-14 EPS for the current fiscal year and $-8 EPS for the next fiscal year.

Luminar Technologies Trading Up 4.1%

Shares of NASDAQ:LAZR traded up $0.11 during midday trading on Friday, hitting $2.67. The stock had a trading volume of 1,260,627 shares, compared to its average volume of 2,786,884. Luminar Technologies has a 1 year low of $2.50 and a 1 year high of $18.60. The stock has a 50 day moving average price of $3.03 and a two-hundred day moving average price of $4.34. The company has a market capitalization of $124.94 million, a PE ratio of -0.41 and a beta of 1.96.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their target price on Luminar Technologies from $3.50 to $2.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Luminar Technologies in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.33.

Institutional Investors Weigh In On Luminar Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Luminar Technologies by 49.6% during the 2nd quarter. Geode Capital Management LLC now owns 968,026 shares of the company's stock valued at $2,779,000 after acquiring an additional 320,874 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Luminar Technologies by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 333,675 shares of the company's stock worth $1,799,000 after purchasing an additional 21,468 shares in the last quarter. Royal Bank of Canada raised its position in shares of Luminar Technologies by 20,160.0% during the 1st quarter. Royal Bank of Canada now owns 231,572 shares of the company's stock worth $1,248,000 after purchasing an additional 230,429 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Luminar Technologies in the 1st quarter valued at approximately $665,000. Finally, Rhumbline Advisers lifted its stake in Luminar Technologies by 19.2% in the 1st quarter. Rhumbline Advisers now owns 36,024 shares of the company's stock valued at $194,000 after buying an additional 5,810 shares in the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

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.