In the latest trading session, Luminar Technologies, Inc. (LAZR) closed at $2.55, marking a -5.56% move from the previous day. This move lagged the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.21%.
The company's shares have seen a decrease of 10.6% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 1.53% and the S&P 500's gain of 0.47%.
The upcoming earnings release of Luminar Technologies, Inc. will be of great interest to investors. The company's earnings report is expected on August 12, 2025. The company's earnings per share (EPS) are projected to be -$1.19, reflecting a 55.93% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $16.72 million, indicating a 1.64% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$4.29 per share and a revenue of $86.64 million, demonstrating changes of +53.57% and +14.91%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Luminar Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Luminar Technologies, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 86, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Luminar Technologies, Inc. (LAZR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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