Mobileye Global Inc reports results for the quarter ended in March - Earnings Summary

• Mobileye Global Inc MBLY reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of twenty one analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -9 cents to -6 cents per share.

• Revenue fell 47.8% to $239.00 million from a year ago; analysts expected $231.56 million.

• Mobileye Global Inc's reported EPS for the quarter was a loss of 27 cents​.

• The company reported a quarterly loss of $218 million.

• Mobileye Global Inc shares had fallen by 3.2% this quarter and lost 28.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the integrated hardware & software peer group is also "buy"

Wall Street's median 12-month price target for Mobileye Global Inc is $37.27

This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)