Luminar Applied sciences, Inc. LAZR is slated to launch fourth-quarter 2020 outcome
Luminar Applied sciences, Inc. LAZR is slated to launch fourth-quarter 2020 outcomes on Mar 18, after the closing bell. The lidar producer made its NASDAQ debut on Dec 3, 2020 by merging with a particular goal acquisition firm, Gores Metropoulos, Inc. This would be the first time that Luminar would launch quarterly numbers as a public firm.
The Zacks Consensus Estimate for fourth-quarter lack of 6 cents per share has remained steady for the previous 30 days. The consensus mark for fourth-quarter revenues is pegged at $3.95 million.
Elements at Play
Luminar’s proprietary software program designed to unlock full lidar capabilities enhances automakers’ skill to ship high-speed freeway autonomy in industrial sequence manufacturing scale and is more likely to positively influence the agency’s fourth-quarter outcomes. The corporate’s contracts with Daimler AG DDAIF, Intel Corp.’s INTC Mobileye unit, Volvo Group and others are more likely to have buoyed revenues within the to-be-reported quarter. Notably, Volvo’s autos can be geared up with Luminar’s Iris lidar sensors and the latter commenced delivery its first Iris items to Volvo Vehicles in October 2020. The corporate executed unique provide offers for all three of its key lidar parts together with receiver, ASIC and laser, that are anticipated to have buoyed the agency’s prospects in fourth-quarter 2020.
Whereas the above-mentioned components appear to have aided the agency’s fourth-quarter earnings, COVID-related disruptions and rising R&D prices may need performed spoilsports. Whereas the corporate remains to be within the nascent stage, excessive know-how and product improvement bills are more likely to have dented margins.
Earnings Whispers
Our confirmed mannequin doesn’t conclusively predict an earnings beat for Luminar this time round. The mix of a optimistic Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the chances of an earnings beat, which isn’t the case right here. You may uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter. You may see the entire listing of in the present day’s Zacks #1 Rank shares right here.
Luminar — whose closest peer is Velodyne Lidar VLDR — has an Earnings ESP of 0.00% and a Zacks Rank #3.
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Luminar Applied sciences, Inc. (LAZR): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.