Mobileye NVÂ (MBLY, Financial), a leading technology company headquartered in Jerusalem and engaged in the development of Advanced Driver Assistance Systems to make driving safer and better for the driver, will release the financial results for the first quarter on June 1.
Mobileye is also engaged in the development of autonomous driving technologies.
The company distributes sensing products to detect vehicles, pedestrians and any objects on the road as well as sensing products that read street signs. Mobileye’s sensing products and technologies are distributed in the U.S., Latin America, Europe and Asia. Mobileye’s customers are mainly original equipment manufacturers (OEM), providers of fleets, providers of fleet management systems, Tier 1 system integrator companies, insurance and leasing companies.
For the first quarter, analysts forecast that Mobileye will release a figure for EPS ranging between a low of 21 cents and a high of 27 cents for an average EPS of 24 cents:
Source: Yahoo Finance
The average EPS, as forecast by analysts, represents a 60% growth from the same figure of the comparable quarter of 2016. Twenty analysts have been surveyed on Mobileye’s first-quarter earnings.
Source: Yahoo Finance
Nineteen analysts were surveyed on Mobileye’s first-quarter revenue. They forecast that the Israeli technology company will close the quarter with revenue coming in at $118.07 million on average. It ranges between a low of $103.63 million and a high of $124.4 million. The average figure of revenue for the first quarter, as forecast by the analysts, represents a 57% growth from first-quarter 2016 revenue.
The company has approximately $399.53 million in cash on hand and securities. The quick ratio is 7.82 versus an industry’s average of 1.69 and the current ratio is 8.80 versus an industry’s average of 2.58.
The stock is currently trading at $61.77 per share with a price-earnings (P/E) ratio of 134.28, a price-book (P/B) ratio of 19.61 and a price-sales (P/S) ratio of 38.36.
The forward P/E ratio is 39.60 that, with earnings forecast by analysts at $1.04 per share for full-year 2017, may lead the stock market to judge this stock overvalued.
The analysts’ average target price for Mobileye is $61.84 per share, which represents an upside of only 0.11% from the current share price. Furthermore, the stock is trading close to its 52-week high which is $61.95 per share. Mobileye’s 52-week low is $33.69.
Analysts suggest holding shares of Mobileye that gained 62% year to date on the New York Stock Exchange.
The stock annually grew more than 95% over the last five years and for the following next year’s period, analysts forecast an annual growth of 49.35%.
Disclosure: I have no positions in Mobileye.
Start a free seven-day trial of Premium Membership to GuruFocus.
