Mobileye Global (MBLY) to Release Quarterly Earnings on Thursday

Mobileye Global (NASDAQ:MBLY) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. On average, analysts expect Mobileye Global to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $30.43 on Wednesday. The business’s 50 day moving average price is $28.96 and its 200-day moving average price is $33.51. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $47.41. The company has a market cap of $24.53 billion, a P/E ratio of -760.75, a P/E/G ratio of 14.05 and a beta of -0.22.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MBLY shares. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Friday, April 12th. Barclays decreased their price objective on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Raymond James cut their target price on Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Needham & Company LLC decreased their price target on Mobileye Global from $43.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, January 5th. Finally, Mizuho cut their price objective on Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.62.

Insider Buying and Selling at Mobileye Global

In other news, Director Patrick P. Gelsinger acquired 3,600 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $27.75 per share, with a total value of $99,900.00. Following the transaction, the director now directly owns 129,095 shares in the company, valued at $3,582,386.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.