![]() ![]() Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. In the last reported quarter, INVZ posted a loss of 25 cents/share, wider than the consensus mark of 23 cents. The Zacks Consensus Estimate for its fourth-quarter loss is pegged at 23 cents a share, indicating a wider loss from 19 cents incurred in the year-ago period. Innoviz has an Earnings ESP of 0.00% and a Zacks Rank #2. This is because the company doesn’t possess the right combination of a positive ESP and a favorable Zacks Rank. Our model does not conclusively predict an earnings beat for Innoviz. If you are investing from India, you can always check the valuation in the INR. Luminar’s peer Innoviz Technologies INVZ is also set to report fourth-quarter 2022 results on Mar 1, before the opening bell. (LAZR) share price as of December 12, 2023, is 2.47. You can see the complete list of today’s Zacks #1 Rank stocks here. Zacks Rank: LAZR currently carries a Zacks Rank of 4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. This is because the Most Accurate Estimate is pegged on par with the Zacks Consensus Estimate. That is not the case here.Įarnings ESP: Luminar has an Earnings ESP of 0.00%. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Our proven Zacks model does not conclusively predict an earnings beat for Luminar this time around. While high revenues are likely to aid results, escalating R&D, sales and marketing, and G&A expenses are anticipated to have eroded fourth-quarter margins. Discouragingly, the firm expects higher spending this year from the 2021 levels, which doesn’t augur well for the upcoming results. In the last reported quarter, Luminar recorded operating expenses of $99.2 million, which jumped from $67.3 million recorded in the year-ago period. With the company still in a nascent stage, high technology and product development expenses are likely to have dented fourth-quarter margins. ![]() The Zacks Consensus Estimate for fourth-quarter revenues is pegged at 12.9 million, implying year-over-year growth of 4%. Contracts with Volvo and Polestar bode well for upcoming results. This has been helping the company secure business wins, which are expected to have boosted fourth-quarter revenues. Luminar’s proprietary software, designed to unlock full lidar capabilities, enhances automakers’ ability to deliver high-speed highway autonomy at a commercial series production scale. price-eps-surprise | Luminar Technologies, Inc. If you are good with personal finance and are looking to invest, you will find the Luminar Technologies on NASDAQ CAPITAL MARKET stock exchange.Luminar Technologies, Inc. Trading in bull markets is always easier so you might want to favor these shares under the given circumstances, but always read up on optimal investment strategies if you are new to investing. Since this share has a positive outlook we recommend it as a part in your portfolio. Our Ai stock analyst implies that there will be a positive trend in the future and the GMHIU shares might be good for investing for making money. Currently there seems to be a trend where stocks in the Financial Services sector(s) have been popular in this period. According to present data Luminar Technologies's GMHIU shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Recommendations: Buy or sell Luminar Technologies stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Luminar Technologies share forecasts, stock quote and buy / sell signals below. Real Estate and Housing Market Forecast.
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