Mobileye Global (MBLY) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a ...

"The financial results in the first quarter reflect a supply chain reset as the excess inventory held by our customers is consumed. We are encouraged that the inventory draw-down and associated recovery in revenue appears to be on-track to what we laid out in January," said Mobileye President and CEO Prof. Amnon Shashua. "From a business development and strategy perspective, Q1 was very productive in generating traction across our multiple waves of future growth. In base and cloud-enhanced ADAS, we achieved ...

Mobileye Global (MBLY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The ...

Move over, Nvidia! These fast-paced artificial intelligence (AI) stocks can more-than-double in value, based on the Street-high price targets of three analysts.For more than a year, no investment trend on Wall Street has captivated investors' attention quite like artificial intelligence (AI). Utilizing software and systems in place of humans, and giving these systems the ability to learn over time without human intervention in order to become more proficient at their tasks, gives AI a use case in almost eve ...

The company possesses impressive technology, but management expects revenue to slump in 2024.The explosion in artificial intelligence (AI) technology last year brought the possibility of fully self-driving vehicles closer to reality. One of the companies working to bring autonomous cars to the masses is Mobileye Global (MBLY -3.89%).Founded in 1999, the company possesses decades of experience with advanced driver assistance systems (ADAS), technology that helps drivers avoid accidents. It has built an impre ...

The maker of autonomous driving solutions made favorable comments at an industry conference, and announced a high-profile customer win.Shares of autonomous driving software and semiconductor company Mobileye Global (MBLY -2.58%) rallied 26.2% in March, according to data from S&P Global Market Intelligence.Mobileye was perhaps poised for a rally at the beginning of the month. In early January, the company warned that its first-quarter revenue would decline about 50% sequentially, and eventually recover but s ...

Shares of autonomous driving technology company Mobileye Global (NASDAQ:MBLY) are rising after the firm won an expanded agreement with Volkswagen (OTCMKTS:VWAGY). The agreement is set to bring Mobileye features to Volkswagen vehicles, as well as the Audi, Bentley, Lamborghini and Porsche brands. MBLY stock is trading today at around $29.60 per share, up more than 4% from its close on March 19. Mobileye has a market capitalization of almost $24 billion.Still, Mobileye stock is down more than 25% so far in 20 ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Mobileye Global. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Mobileye Global (MBLY) shares rallied 11.4% in the last trading session to close at $27.81. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.3% loss over the past four weeks.Shares of Mobileye popped yesterday following optimistic remarks from the company's executives at Morgan Stanley's Technology, Media, and Telecom conference. MBLY reiterated that the sales volumes of EyeQ is estimated at 3.4 million unit ...

It’s another green day in the stock market, with many tech stocks leading the way higher. Investors in Mobileye (NASDAQ:MBLY) have seen some of the most significant gains, with MBLY stock surging more than 11% this afternoon. This sees MBLY recovering some of the losses the company has seen since the beginning of the year.This move follows some bullish commentary from the company’s management team during a presentation at Morgan Stanley’s (NYSE:MS) Technology, Media and Telecom conference this morning. Mobi ...