- Luminar Technologies (LAZR, Financial) reported a mixed Q1, missing EPS estimates but exceeding revenue expectations.
- Analysts maintain a cautious outlook with a "Hold" recommendation for LAZR shares.
- The stock shows potential for substantial upside according to GuruFocus metrics.
Luminar Technologies (LAZR) announced its first-quarter financial results, revealing a GAAP EPS of -$1.82, slightly missing analysts' expectations by $0.02. However, the company's revenue of $18.89 million surpassed forecasts by $2.62 million. Consistently aiming for growth, Luminar reaffirms its fiscal year 2025 revenue growth guidance of 10% to 20% and is focusing on reducing operating expenses. As a result, shares experienced an after-hours increase of 3.36%.
Wall Street Analysts Forecast
Wall Street analysts have set one-year price targets for Luminar Technologies Inc (LAZR, Financial), with an average target price of $5.13. The forecasts range from a high of $7.00 to a low of $2.00. This average target price suggests a potential upside of 7.67% from the current trading price of $4.76. Investors seeking more insights can visit the Luminar Technologies Inc (LAZR) Forecast page for detailed estimate data.
The consensus from five brokerage firms rates Luminar Technologies Inc (LAZR, Financial) at an average of 3.2, indicating a "Hold" recommendation. On the rating scale, a score of 1 represents a "Strong Buy," while a 5 translates to a "Sell" suggestion.
According to GuruFocus estimates, Luminar Technologies Inc (LAZR, Financial) is potentially undervalued, with an estimated GF Value of $118.84 for the coming year. This figure points to a significant upside of 2396.64% from the current share price of $4.76. The GF Value is derived from the historical multiples at which the stock has previously traded, alongside past business growth and future performance forecasts. Interested investors can explore more detailed information on the Luminar Technologies Inc (LAZR) Summary page.
