Mobileye Global (NASDAQ:MBLY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Mobileye Global reported earnings of $0.09 EPS for the quarter, surpassing estimates of $0.08, and generated $504 million in revenue, exceeding expectations of $479.93 million.
• The company has updated its FY 2025 guidance, indicating positive prospects for future performance.
• Institutional investors have recently increased their stakes in Mobileye, with substantial investments from firms like Invesco Ltd. and Raymond James Financial Inc..

Mobileye Global (NASDAQ:MBLY - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01, Briefing.com reports. The company had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. Mobileye Global had a positive return on equity of 0.73% and a negative net margin of 153.91%.Mobileye Global's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.10 earnings per share. Mobileye Global updated its FY 2025 guidance to EPS.

Mobileye Global Trading Down 0.3%

Shares of MBLY stock traded down $0.05 during midday trading on Thursday, reaching $14.26. 3,355,298 shares of the stock were exchanged, compared to its average volume of 5,409,128. The firm has a market cap of $11.63 billion, a PE ratio of -3.92, a price-to-earnings-growth ratio of 9.21 and a beta of 0.52. The company's 50 day moving average is $14.35 and its two-hundred day moving average is $15.06. Mobileye Global has a 1 year low of $11.58 and a 1 year high of $22.51.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. bought a new position in Mobileye Global in the 2nd quarter valued at approximately $19,393,000. Raymond James Financial Inc. lifted its holdings in shares of Mobileye Global by 16.5% during the 2nd quarter. Raymond James Financial Inc. now owns 936,364 shares of the company's stock valued at $16,836,000 after buying an additional 132,512 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Mobileye Global by 27.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 464,546 shares of the company's stock valued at $8,353,000 after buying an additional 99,526 shares during the period. Nebula Research & Development LLC lifted its holdings in shares of Mobileye Global by 21.7% during the 2nd quarter. Nebula Research & Development LLC now owns 85,020 shares of the company's stock valued at $1,529,000 after buying an additional 15,175 shares during the period. Finally, California State Teachers Retirement System bought a new position in shares of Mobileye Global during the 2nd quarter valued at $1,521,000. 13.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MBLY. Royal Bank Of Canada increased their price target on Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft raised Mobileye Global from a "hold" rating to a "buy" rating and set a $19.00 price target for the company in a research report on Monday, October 6th. Zacks Research raised Mobileye Global from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. TD Cowen decreased their target price on Mobileye Global from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, UBS Group raised their target price on Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and a consensus price target of $18.94.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.

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