Luminar Technologies, Inc. (LAZR) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - Luminar Technologies, Inc. (LAZR) closed at $2.22, reflecting a -3.48% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.29% [1] - Over the past month, shares of Luminar have appreciated by 25%, outperforming the Auto-Tires-Trucks sector's gain of 14.02% and the S&P 500's gain of 3.08% [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of -$1.08, which represents a 55% increase compared to the same quarter last year [2] - Revenue is anticipated to be $17.59 million, up 13.56% from the prior-year quarter [2] Full-Year Estimates - Zacks Consensus Estimates for Luminar's full-year earnings are projected at -$4.5 per share and revenue of $69.91 million, indicating year-over-year changes of +51.3% for earnings and -7.28% for revenue [3] - Recent changes to analyst estimates reflect evolving short-term business trends, with positive revisions indicating optimism about the business outlook [3] Zacks Rank and Industry Performance - The Zacks Rank system categorizes Luminar Technologies, Inc. as a 3 (Hold), with no changes in the consensus EPS estimate over the past month [5] - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 85, placing it in the top 35% of over 250 industries [6]