Luminar Technologies (LAZR) Scheduled to Post Earnings on Tuesday

Luminar Technologies (NASDAQ:LAZR - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Luminar Technologies to post earnings of ($0.22) per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Luminar Technologies (NASDAQ:LAZR - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). The business had revenue of $22.11 million during the quarter, compared to analyst estimates of $27.25 million. On average, analysts expect Luminar Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Luminar Technologies Stock Performance

Shares of LAZR traded up $0.01 during mid-day trading on Tuesday, hitting $1.47. 6,867,146 shares of the stock were exchanged, compared to its average volume of 7,788,910. The firm has a 50-day moving average of $1.83 and a two-hundred day moving average of $2.58. Luminar Technologies has a 52-week low of $1.21 and a 52-week high of $8.32. The company has a market cap of $620.18 million, a PE ratio of -1.00 and a beta of 1.48.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LAZR. Rosenblatt Securities decreased their target price on shares of Luminar Technologies from $5.00 to $3.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $4.00 price objective (down previously from $11.00) on shares of Luminar Technologies in a research report on Wednesday, January 17th. Bank of America reissued an "underperform" rating and issued a $1.20 price objective (down previously from $3.50) on shares of Luminar Technologies in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $8.00 target price (down previously from $20.00) on shares of Luminar Technologies in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group reduced their price target on shares of Luminar Technologies from $2.00 to $1.50 and set a "sell" rating on the stock in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $6.39.

About Luminar Technologies

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.