We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price. Overview All SEC Filings Annual Reports Quarterly Reports Section 16 Filings Governance. Quote Charts Historical Data Analyst Coverage SEC Filings. Overview Financial Results Income Statement Balance Sheet Cash Flow Stock Data. Our system also uses the options market in order to receive additional signals on current sentiments. Overview Executive Team Contacts FAQ Video Gallery Financial Info. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Shares of Fisker stock spiked 11.2 to 5.90 on the stock market today, after tumbling over the prior five sessions. The consensus EPS Estimate is -0.23 (+14.8 Y/Y) and the consensus. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. Luminar Technologies ( NASDAQ: LAZR) is scheduled to announce Q2 earnings results on Tuesday, August 8th, after market close. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. Luminar Technologies A is expected to report sales of 16.2 million, an increase of 62.94 over the same period last year. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. This means that earnings updates and other news can greatly impact overall sentiment.Ĭhanges in price are generally the best indicator of sentiment for a particular stock. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.See Full LAZR Report What is Stock Sentiment? Luminar Stock Is Soaring on a New Deal With Mercedes-Benz. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 33% of the 250 plus Zacks industries. Whereas analysts expected the company to report negative earnings per share of 0.21, Luminar booked a loss per share of 0.40. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is -$0.22 on $16.37 million in revenues for the coming quarter and -$0.77 on $42.38 million in revenues for the current fiscal year. In fact, when combining a Zacks Rank 3 or better and a positive Earnings ESP, stocks produced a positive surprise 70 of. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Significantly high institutional ownership implies Luminar Technologies' stock price is sensitive to their trading actions A total of 7 investors have a majority stake in the company with 51. The technique has proven to be very useful for finding positive surprises. Yahoo Finance Luminar stock surges following self-driving car partnership with Nvidia. Luminar Technologies Stock Falls After Earnings Miss. Luminar Reports Strong Second Quarter 2023 Business Update and. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Luminar is an autonomous vehicle and lidar technology company for passenger cars, commercial trucking and robo-taxi. So, the shares are expected to perform in line with the market in the near future. This suggests a possible upside of 167.9 from the stocks current price. On average, they anticipate the companys stock price to reach 12.19 in the next year. Their LAZR share price forecasts range from 4.50 to 20.00. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. 8 brokers have issued 12-month price targets for Luminar Technologies stock. 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. Luminar Technologies (NASDAQ:LAZR) has a market capitalization of 1.66 billion and generates 40.70 million in revenue each year. 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.
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