Wall Street brokerages expect Luna Innovations Incorporated (NASDAQ:LUNA) to post earnings of ($0.01) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Luna Innovations’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.02). The company is expected to report its next earnings results on Wednesday, May 8th.
Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Luna Innovations.
A number of research analysts have issued reports on LUNA shares. Zacks Investment Research upgraded shares of Luna Innovations from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a report on Friday, March 8th. ValuEngine upgraded shares of Luna Innovations from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Finally, B. Riley upped their target price on shares of Luna Innovations from $4.60 to $5.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $4.50.
Luna Innovations stock opened at $4.15 on Friday. Luna Innovations has a 52 week low of $2.68 and a 52 week high of $4.65. The stock has a market capitalization of $117.87 million, a P/E ratio of 103.75 and a beta of 0.66.
Luna Innovations Company Profile
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.
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