Luminar Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• Luminar Technologies Inc LAZR.OQ reported a quarterly adjusted loss of $1.49​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-2.70. The mean expectation of four analysts for the quarter was for a loss of $1.18 per share. Wall Street expected results to range from $-1.23 to $-1.12 per share.

• Revenue fell 5% to $15.63 million from a year ago; analysts expected $17.28 million.

• Luminar Technologies Inc's reported EPS for the quarter was a loss of 62 cents​.

• The company reported a quarterly loss of $30.5 million.

• Luminar Technologies Inc shares had fallen by 6.3% this quarter and lost 50.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 20.2% 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 no "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

• Wall Street's median 12-month price target for Luminar Technologies Inc is $5.00, about 46.2% above its last closing price of $2.69

This summary was machine generated from LSEG data August 12 at 09:01 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)