Luminar Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

• Luminar Technologies Inc LAZR.OQ reported a quarterly adjusted loss of $1.50​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-2.85. The mean expectation of four analysts for the quarter was for a loss of $1.78 per share. Wall Street expected results to range from $-2.03 to $-1.57 per share.

• Revenue fell 9.9% to $18.89 million from a year ago; analysts expected $15.98 million.

• Luminar Technologies Inc's reported EPS for the quarter was a loss of $1.82​.

• The company reported a quarterly loss of $76.52 million.

• Luminar Technologies Inc shares had fallen by 16.0% this quarter and lost 15.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell."

• Wall Street's median 12-month price target for Luminar Technologies Inc is $5.75

This summary was machine generated from LSEG data May 14 at 09:44 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)