Luminar Technologies, Inc. (LAZR) Advances But Underperforms Market: Key Facts

Company Performance - Luminar Technologies, Inc. (LAZR) closed at $5.20, reflecting a +1.17% change from the previous trading day's closing, which is less than the S&P 500's daily gain of 1.59% [1] - Over the last month, the company's shares have decreased by 3.75%, outperforming the Auto-Tires-Trucks sector's loss of 17.57% but underperforming the S&P 500's loss of 2.42% [1] Upcoming Earnings - The earnings report for Luminar Technologies, Inc. is scheduled for March 20, 2025, with a projected EPS of -$ 2.20, indicating a 26.67% increase compared to the same quarter of the previous year [2] - The consensus estimate for revenue is $16.76 million, which represents a decline of 24.2% from the prior-year quarter [2] Analyst Estimates - Recent adjustments to analyst estimates for Luminar Technologies, Inc. are crucial as they reflect the changing nature of near-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, aims to provide actionable ratings based on the performance of stocks [4] Zacks Rank and Industry Position - Luminar Technologies, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining stagnant over the past 30 days [5] - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 166, placing it within the bottom 34% of over 250 industries, indicating weaker performance compared to higher-ranked industries [6]