Here's Why Luminar Technologies, Inc. (LAZR) Fell More Than Broader Market

Company Performance - Luminar Technologies, Inc. (LAZR) closed at $0.82, reflecting a -1.07% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.76% [1] - Over the last month, the company's shares decreased by 10.38%, contrasting with the Auto-Tires-Trucks sector's loss of 4.32% and the S&P 500's gain of 4.31% [1] Earnings Expectations - The upcoming earnings report for Luminar Technologies is anticipated to show an EPS of -$0.19, which is a 9.52% improvement from the same quarter last year [2] - Revenue is expected to reach $18.23 million, indicating a 7.49% increase compared to the prior year [2] Fiscal Year Projections - For the entire fiscal year, Zacks Consensus Estimates predict an EPS of -$0.64 and revenue of $80.85 million, reflecting changes of +26.44% and +15.86% respectively from the previous year [3] Analyst Estimates - Recent adjustments to analyst estimates for Luminar Technologies suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system, which assesses these estimate changes, currently places Luminar Technologies at a rank of 3 (Hold) [6] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [7] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [7]