Luminar Technologies, Inc. (LAZR) Suffers a Larger Drop Than the General Market: Key Insights

Company Performance - Luminar Technologies, Inc. closed at $5.17, reflecting a -1.9% change from the previous day, which is less than the S&P 500's daily loss of 1.78% [1] - Over the past month, shares of Luminar experienced a loss of 2.95%, outperforming the Auto-Tires-Trucks sector's loss of 15.76% and the S&P 500's loss of 3.48% [1] Upcoming Earnings Report - The company is set to release its earnings on March 20, 2025, with an expected EPS of -$2.20, indicating a 26.67% growth compared to the same quarter last year [2] - The consensus estimate for revenue is $16.76 million, which represents a 24.2% decrease compared to the previous year [2] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Luminar Technologies are crucial as they reflect changing business trends, with positive revisions indicating analyst optimism [3] - The Zacks Rank system, which evaluates estimate changes, currently places Luminar Technologies at a rank of 3 (Hold) [5] - The Zacks Consensus EPS estimate has remained stagnant over the past month [5] Industry Context - Luminar Technologies operates within the Automotive - Original Equipment industry, which ranks 157th in the Zacks Industry Rank, placing it in the bottom 38% 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]