Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Investors might also notice recent changes to analyst estimates for Luminar Technologies, Inc.Recent revisions tend to reflect the latest near-term business trends. These results would represent year-over-year changes of -23.68% and +39.1%, respectively. LAZR's full-year Zacks Consensus Estimates are calling for earnings of -$0.47 per share and revenue of $44.43 million. Our most recent consensus estimate is calling for quarterly revenue of $9.93 million, up 86.93% from the year-ago period. The company is expected to report EPS of -$0.13, down 62.5% from the prior-year quarter. will be looking to display strength as it nears its next earnings release, which is expected to be May 5, 2022. Heading into today, shares of the company had lost 10.39% over the past month, lagging the Auto-Tires-Trucks sector's loss of 4.35% and the S&P 500's loss of 5.33% in that time. At the same time, the Dow lost 2.38%, and the tech-heavy Nasdaq lost 0.24%. This change was narrower than the S&P 500's daily loss of 2.82%.
LUMINAR TECHNOLOGIES STOCK FREE
( LAZR Quick Quote LAZR - Free Report) closed the most recent trading day at $13.07, moving -1.58% from the previous trading session.
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