Core Viewpoint - Mobileye Global reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, but down from $0.22 per share a year ago [1][2] Financial Performance - The company achieved revenues of $486 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.88%, but down from $530 million year-over-year [3] - Mobileye has surpassed consensus EPS estimates three out of the last four quarters and has topped consensus revenue estimates four times over the last four quarters [2][3] Stock Performance - Mobileye shares have declined approximately 71.3% since the beginning of the year, contrasting with the S&P 500's gain of 21.9% [4] - The current Zacks Rank for Mobileye is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $494.15 million, and for the current fiscal year, it is $0.22 on revenues of $1.65 billion [8] - The outlook for the Automotive - Original Equipment industry, where Mobileye operates, is currently in the bottom 25% of Zacks industries, which may impact stock performance [9]

Financial Performance - Sales remained stable at $4.7 billion in 3Q24, consistent with 2Q24 but slightly higher than $4.6 billion in 3Q23[13] - Adjusted EBIT decreased to $233 million in 3Q24, down from $300 million in 2Q24 and $332 million in 3Q23[13] - Adjusted EBITDA was $500 million in 3Q24, compared to $561 million in 2Q24 and $590 million in 3Q23[13] - Adjusted EBITDA margin declined to 10.7% in 3Q24, from 11.9% in 2Q24 and 12.8% in 3Q23[13] - Free Cash Flow increased to $309 million in 3Q24, up from $167 million in 2Q24 and $240 million in 3Q23[13] - Adjusted Operating EPS decreased to $0.44 in 3Q24, down from $0.55 in 2Q24 and $0.64 in 3Q23[13] Strategic Actions and Outlook - The company anticipates ~$230 million EBITDA improvement from strategic actions, excluding one-time costs and impact from GCF strategic options[9] - The company expects higher earnings in the Packaging Business in 4Q24 due to prior price index increases and lower costs[15] - The company is exploring strategic options for its Global Cellulose Fibers (GCF) business, including the Georgetown Mill Closure[9] - The company estimates $25 million in sourcing savings identified across plants[11]

Investors interested in Automotive - Original Equipment stocks are likely familiar with Valeo S.A. (VLEEY) and Mobileye Global (MBLY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings esti ...

Key Takeaways JPMorgan downgraded Mobileye, citing concerns about the ramp up of its SuperVision driver-assistance system. The analysts lowered the rating to "underweight" and reduced the price target by $6 to $10. The bank's new price target is substantially below Wall Street's average, according to Visible Alpha data. Shares of Mobileye (MBLY) dropped Monday after JPMorgan downgraded the company, citing doubts about the growth prospects of its SuperVision driver-assistance system. The bank reduced its rat ...

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of Valeo S.A. (VLEEY) and Mobileye Global (MBLY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ou ...

mikkelwilliam Mobileye Global Inc. (NASDAQ:MBLY) shares have reached new lows recently after publishing its 2Q24 earnings results. In this article, I look into the recent earnings published by Mobileye, the changing dynamics in China, and share what, I think, could help re-rate the stock to the upside. Data by YCharts I have written extensively about Mobileye on Seeking Alpha, which can be found here. I continue to be constructive on Mobileye as a contrarian play given how depressed both sentiment and valua ...

Mobileye (NASDAQ:MBLY) is one of the top-trending tickers on social media and business news websites, and MBLY stock is down about 20% today. The selloff was triggered by the firm's announcement of a reduction in its 2024 revenue guidance. On a positive note, Mobileye noted that its revenue had soared 84% last quarter compared with the first quarter. Mobileye's Guidance Reductions Mobileye cut its 2024 sales guidance to $1.6 billion to $1.8 billion from $1.83 billion to $1.96 billion. China's automakers hav ...

Earnings weren't bad, but the guidance isn't good. Shares of Mobileye Global (MBLY -18.76%) were trading sharply lower on Thursday, after the company cut its full-year revenue guidance on concerns about demand in China. As of 10:30 a.m. ET, Mobileye's shares were down about 20.3% from Wednesday's closing price. Earnings beat estimates but the outlook isn't rosy At first glance, Mobileye's second-quarter earnings were decent. The company reported adjusted earnings per share of $0.09 on revenue of $439 millio ...

Mobileye Global (MBLY) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post a loss of $0.06 per share when it actually produced a loss of $0.07, delivering a ...

Industry Overview - The rise of artificial intelligence (AI) is seen as a transformative technology comparable to the internet's impact on global business growth [2][4] - AI systems can perform tasks traditionally handled by humans and have the ability to learn and evolve independently, enhancing their utility across various sectors [3] Market Potential - A report by PwC estimates that AI could contribute $15.7 trillion to the global economy by 2030 through productivity gains and consumption-side benefits [4] - Wall Street analysts are closely monitoring the AI sector, with expectations of significant upside for leading AI stocks [5] Company Insights: Nvidia - Nvidia is identified as a leading AI hardware provider with an implied upside of 55%, with a price target raised to $200 from $140 [6][7] - The company is positioned at the forefront of AI-focused graphics processing units (GPUs) and plans to launch new GPU architectures, maintaining a competitive edge [8] - Nvidia's software, particularly the CUDA platform, is expected to complement its hardware offerings, enhancing its market position [9] Company Insights: Mobileye - Mobileye is projected to have a 100% upside, with a current price target of $53, driven by advancements in its autonomous driving technologies [11][16] - The company's SuperVision technology, which supports various levels of autonomous capabilities, is a key factor in its growth potential [12][18] - Mobileye's strong balance sheet, with $1.2 billion in cash and no debt, positions it favorably despite potential challenges in the electric vehicle market [19] Company Insights: Super Micro Computer - Super Micro Computer is anticipated to have a 65% upside, with a price target of $1,500, benefiting from the growing AI server market [13][14][21] - The company is expected to see significant revenue growth, with estimates of $14.9 billion in 2024 and $24 billion in 2025, reflecting a 237% increase over two years [22] - However, Super Micro's growth is heavily reliant on Nvidia's GPU supply, which poses risks if GPU scarcity continues [23]