Innoviz Technologies .(INVZ) ZACKS·2025-02-26 14:45Group 1: Earnings Performance - Innoviz Technologies reported a quarterly loss of $0.09 per share, better than the Zacks Consensus Estimate of a loss of $0.11, and improved from a loss of $0.18 per share a year ago, representing an earnings surprise of 18.18% [1] - The company posted revenues of $6.03 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.79%, and down from $14.92 million in the same quarter last year [2] - Over the last four quarters, Innoviz has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Innoviz Technologies shares have declined approximately 51.6% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$0.09 on revenues of $11.54 million, and -$0.29 on revenues of $86.89 million for the current fiscal year [7] - The Zacks Rank for Innoviz is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Automotive - Original Equipment industry, to which Innoviz belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]