Luminar Technologies, Inc. (LAZR) Registers a Bigger Fall Than the Market: Important Facts to Note

Company Performance - Luminar Technologies, Inc. closed at $5.25, reflecting a -1.78% change from the previous day, underperforming compared to the S&P 500's loss of 0.47% [1] - Over the last month, the company's shares decreased by 0.65%, outperforming the Auto-Tires-Trucks sector's loss of 7.82% but lagging behind the S&P 500's gain of 1.67% [1] Earnings Report Expectations - The upcoming earnings report is expected to show an EPS of -$2.20, which represents a 26.67% increase compared to the same quarter last year [2] - Revenue is anticipated to be $16.76 million, indicating a 24.2% decrease from the same quarter of the previous year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Luminar Technologies are crucial as they reflect changing business trends [3] - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Luminar Technologies at 3 (Hold) [5] - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 164, placing it in the bottom 35% of over 250 industries [6]