Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough October 2, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. In the last reported quarter, INVZ posted a loss of 25 cents/share, wider than the consensus mark of 23 cents. The Zacks Consensus Estimate for its fourth-quarter loss is pegged at 23 cents a share, indicating a wider loss from 19 cents incurred in the year-ago period. Innoviz has an Earnings ESP of 0.00% and a Zacks Rank #2. This is because the company doesn’t possess the right combination of a positive ESP and a favorable Zacks Rank. Our model does not conclusively predict an earnings beat for Innoviz. Luminar’s peer Innoviz Technologies ( INVZ Quick Quote INVZ - Free Report) is also set to report fourth-quarter 2022 results on Mar 1, before the opening bell. You can see the complete list of today’s Zacks #1 Rank stocks here. Zacks Rank: LAZR currently carries a Zacks Rank of 4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. This is because the Most Accurate Estimate is pegged on par with the Zacks Consensus Estimate. That is not the case here.Įarnings ESP: Luminar has an Earnings ESP of 0.00%. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Our proven Zacks model does not conclusively predict an earnings beat for Luminar this time around. While high revenues are likely to aid results, escalating R&D, sales and marketing, and G&A expenses are anticipated to have eroded fourth-quarter margins. Discouragingly, the firm expects higher spending this year from the 2021 levels, which doesn’t augur well for the upcoming results. In the last reported quarter, Luminar recorded operating expenses of $99.2 million, which jumped from $67.3 million recorded in the year-ago period. With the company still in a nascent stage, high technology and product development expenses are likely to have dented fourth-quarter margins. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at 12.9 million, implying year-over-year growth of 4%. Contracts with Volvo and Polestar bode well for upcoming results. This has been helping the company secure business wins, which are expected to have boosted fourth-quarter revenues. Luminar’s proprietary software, designed to unlock full lidar capabilities, enhances automakers’ ability to deliver high-speed highway autonomy at a commercial series production scale. price-eps-surprise | Luminar Technologies, Inc.
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