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Earnings Outlook For Luna Innovations

Benzinga Newsdesk

On Wednesday, August 7, Luna Innovations (NASDAQ: LUNA) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Luna Innovations EPS will likely be near 1 cent while revenue will be around $15.62 million, according to analysts.

In the same quarter last year, Luna Innovations posted EPS of 3 cents on sales of $13.77 million. If the company were to report inline earnings when it publishes results Wednesday, quarterly profit would be down 66.67%. Sales would be up 13.41% from the same quarter last year. Luna Innovations's reported EPS has stacked up against analyst estimates in the past like this:

View more earnings on LUNA

 

Quarter Q1 2019 Q4 2018 Q3 2018 Q2 2018
EPS Estimate 0.000 0.01 0.01 0.02
EPS Actual 0.030 0.02 0.04 0.03

Stock Performance

Over the last 52-week period, shares are up 19.43%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Luna Innovations stock is a Neutral. The strength of this rating has risen over the past 90 days.

Conference Call

Luna Innovations is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/dfu9cxyf

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