Luminar Technologies, Inc. (LAZR) Laps the Stock Market: Here's Why

Company Performance - Luminar Technologies, Inc. (LAZR) closed at $5.34, reflecting a +1.71% increase from the previous day, outperforming the S&P 500's daily gain of 0.53% [1] - Over the last month, the company's shares decreased by 2.42%, which is better than the Auto-Tires-Trucks sector's loss of 8.98% but underperformed compared to the S&P 500's gain of 1.24% [1] Earnings Expectations - The upcoming earnings report for Luminar Technologies is anticipated to show an EPS of -$ 2.20, representing a 26.67% improvement from the same quarter last year [2] - Revenue is expected to be $16.76 million, indicating a 24.2% decline compared to the corresponding quarter of the previous year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Luminar Technologies are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [4] Zacks Rank and Industry Performance - Luminar Technologies currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 168, placing it in the bottom 34% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]