Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Luminar Technologies, Inc. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for Luminar Technologies, Inc. Shares have added about 31.1% since the beginning of the year versus the S&P 500's gain of 7.8%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates three times over the last four quarters.

This compares to year-ago revenues of $6.86 million. , which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $14.51 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 9.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. These figures are adjusted for non-recurring items.Ī quarter ago, it was expected that this company would post a loss of $0.22 per share when it actually produced a loss of $0.26, delivering a surprise of -18.18%. This compares to loss of $0.16 per share a year ago. (LAZR) came out with a quarterly loss of $0.24 per share in line with the Zacks Consensus Estimate. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.Luminar Technologies, Inc.

These non-stationary Luminar Technologies' historical data is usually called time-series. the mean and standard deviation are not constant over time but instead, these metrics vary over time. Non-stationary data are called the data whose statistical properties e.g. Time-series forecasting models ae widely used for non-stationary data. Luminar Technologies Forecast ModelsLuminar Technologies' time-series forecasting models are one of many Luminar Technologies' stock analysis techniques aimed at predicting future share value based on previously observed values. Luminar Technologies Price Movement Analysis Given that Luminar Technologies has information ratio of (0.19), we recommend you to check Luminar Technologies's last-minute market performance to make sure the company can sustain itself at a future point. Please verify Luminar Technologies variance and skewness to decide if Luminar Technologies is priced some-what accurately, providing market reflects its recent price of 4.14 per share. We were able to analyze thirteen technical drivers for Luminar Technologies, which can be compared to its peers in the industry. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Luminar Technologies, as well as the relationship between them. Technical DriversAs of the 18th of October 2023, Luminar Technologies secures the Mean Deviation of 2.95, risk adjusted performance of (0.12), and Standard Deviation of 3.69. As of, Goodwill and Intangible Assets is likely to grow to about 44.1 M, while Current Assets are likely to drop slightly above 516.8 M. At this time, Luminar Technologies' Assets Non Current are relatively stable as compared to the past year. In addition to that, Return on Average Equity is likely to drop to -7.99. As of, Return on Average Assets is likely to drop to -0.64. Luminar Technologies' management efficiency ratios could be used to measure how well Luminar Technologies manages its routine affairs as well as how well it operates its assets and liabilities. Similarly, it shows a return on stockholder's equity (ROE) of (24.2467) %, meaning that it created substantial loss on money invested by shareholders. Management EfficiencyLuminar Technologies has return on total asset (ROA) of (0.4908) % which means that it has lost $0.4908 on every $100 spent on assets.

Luminar stock earnings