LUNA Earnings

LUNA reported its earnings on 2024-07-02, showcasing a revenue of against an estimate of , resulting in a 0% surprise. The EPS was 0, surpassing the expected -0.01 by 0% . The stock experienced a 0.34% price change on the earnings day and a -3.05% change over the next five days, reflecting market reactions to the results.

Following LUNA's earnings announcement on 2024-07-02, the stock price moved by 0.34% on the day of the release. Over the subsequent five days, it saw a -3.05% change. Historically, LUNA's stock price tends to shift by an average of +1.23% in the 10 days leading up to earnings and +0.75% in the 10 days following, providing insight into potential market.

For 2023/Q4, analysts estimate LUNA’s annual revenue to reach 35.19M, while the EPS is projected at 0.12. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between LUNA's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for were No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, LUNA's stock price typically moves by +1.23% in the 10 days before its earnings and +0.75% in the 10 days after. For the upcoming 2023/Q4 earnings, analysts expect an EPS of 0.12 and revenue of 35.19M.

The earnings call presents a mixed picture: revenue growth is seen in some segments, but overall margins and net income have declined. The Q&A indicates sustainable growth prospects, but management's vague guidance and increased debt levels are concerning. The positive aspects such as product demand and potential market expansion are offset by financial risks and unclear future projections, leading to a neutral sentiment.