Mobileye Global (MBLY) to Release Earnings on Thursday

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

Mobileye Global (NASDAQ:MBLY) last announced 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. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $637.53 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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 Price Performance

MBLY opened at $30.43 on Wednesday. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of -760.75, a PEG ratio of 14.05 and a beta of -0.22. The business has a fifty day moving average price of $28.96 and a 200 day moving average price of $33.51. Mobileye Global has a 12 month low of $23.49 and a 12 month high of $47.41.

Insider Transactions at Mobileye Global

In other news, Director Patrick P. Gelsinger acquired 3,600 shares of Mobileye Global stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the transaction, the director now directly owns 129,095 shares in the company, valued at $3,582,386.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

MBLY has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Barclays lowered their target price 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. Bank of America cut Mobileye Global from a “neutral” rating to an “underperform” rating and cut their price target for the company from $47.00 to $22.00 in a research note on Thursday, January 4th. Mizuho lowered their price objective on Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, Robert W. Baird cut their price objective on shares of Mobileye Global from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global has an average rating of “Moderate Buy” and an average price target of $43.62.

Mobileye Global Company Profile

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.