Luminar Technologies (LAZR) Expected to Announce Quarterly Earnings on Tuesday

Luminar Technologies (NASDAQ:LAZR) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.16) per share and revenue of $17.50 million for the quarter.

Luminar Technologies Stock Down 2.3 %

LAZR opened at $6.45 on Tuesday. Luminar Technologies has a 52 week low of $4.93 and a 52 week high of $42.30. The stock’s fifty day moving average is $6.20 and its two-hundred day moving average is $10.58. The company has a market capitalization of $214.85 million, a P/E ratio of -0.48 and a beta of 1.62.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LAZR. The Goldman Sachs Group decreased their target price on Luminar Technologies from $11.25 to $7.50 and set a “sell” rating for the company in a report on Thursday, November 14th. Craig Hallum cut their price objective on shares of Luminar Technologies from $22.50 to $15.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Luminar Technologies currently has a consensus rating of “Hold” and an average price target of $50.06.

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.