Group 1 - Luminar Technologies, Inc. (LAZR) closed at $1.69, reflecting a -1.74% change from the previous day, underperforming compared to the S&P 500's 0.58% gain [1] - Prior to the latest trading session, LAZR shares had decreased by 22.52%, contrasting with the Auto-Tires-Trucks sector's gain of 1.15% and the S&P 500's gain of 0.16% [1] Group 2 - Luminar Technologies, Inc. is projected to report earnings of -$1.08 per share, indicating a year-over-year growth of 55%, with revenue estimates at $17.59 million, up 13.56% from the previous year [2] - Full-year Zacks Consensus Estimates predict earnings of -$4.5 per share and revenue of $69.91 million, representing year-over-year changes of +51.3% and -7.28%, respectively [3] Group 3 - Recent adjustments to analyst estimates for Luminar Technologies, Inc. are important as they reflect short-term business trends, with positive revisions indicating analyst optimism [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have delivered an average annual return of +25% since 1988, with Luminar currently holding a Zacks Rank of 3 (Hold) [6] Group 4 - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 77, placing it in the top 32% of over 250 industries, indicating strong performance potential [7]
Luminar Technologies, Inc. (LAZR) Stock Declines While Market Improves: Some Information for Investors