Mobileye NV (MBLY) Expected to Post Quarterly Sales of $120.98 Million
Wall Street brokerages expect Mobileye NV (NYSE:MBLY) to announce sales of $120.98 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Mobileye NV’s earnings, with the highest sales estimate coming in at $124.38 million and the lowest estimate coming in at $112.81 million. Mobileye NV reported sales of $75.21 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 60.9%. The firm is expected to report its next earnings report before the market opens on Thursday, June 1st.
According to Zacks, analysts expect that Mobileye NV will report full-year sales of $120.98 million for the current fiscal year, with estimates ranging from $493.17 million to $504.51 million. For the next fiscal year, analysts forecast that the firm will report sales of $724.36 million per share, with estimates ranging from $704.09 million to $737.8 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Mobileye NV.
MBLY has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “hold” rating and set a $63.54 price target on shares of Mobileye NV in a report on Friday, May 19th. Monness Crespi & Hardt lowered shares of Mobileye NV from a “buy” rating to a “neutral” rating in a report on Tuesday, February 21st. They noted that the move was a valuation call. William Blair restated an “outperform” rating on shares of Mobileye NV in a report on Monday, February 13th. Needham & Company LLC lowered shares of Mobileye NV from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. Finally, Vetr lowered shares of Mobileye NV from a “strong-buy” rating to a “buy” rating and set a $52.69 price target on the stock. in a report on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and four have given a buy rating to the stock. Mobileye NV presently has an average rating of “Hold” and an average price target of $56.55.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Mobileye NV by 3,937.9% in the first quarter. BlackRock Inc. now owns 5,498,463 shares of the software maker’s stock valued at $337,606,000 after buying an additional 5,362,292 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Mobileye NV by 86.2% in the first quarter. Canada Pension Plan Investment Board now owns 4,940,877 shares of the software maker’s stock valued at $303,370,000 after buying an additional 2,288,007 shares in the last quarter. Credit Suisse AG increased its stake in Mobileye NV by 421.7% in the first quarter. Credit Suisse AG now owns 1,906,615 shares of the software maker’s stock valued at $117,066,000 after buying an additional 1,541,147 shares in the last quarter. Norges Bank purchased a new stake in Mobileye NV during the fourth quarter valued at about $58,191,000. Finally, Marshall Wace LLP purchased a new stake in Mobileye NV during the fourth quarter valued at about $44,746,000. 72.23% of the stock is owned by institutional investors and hedge funds.
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Mobileye NV (NYSE:MBLY) opened at 61.80 on Friday. The stock has a market capitalization of $13.70 billion, a PE ratio of 134.35 and a beta of 0.97. The stock’s 50 day moving average is $61.80 and its 200-day moving average is $48.99. Mobileye NV has a 52 week low of $33.69 and a 52 week high of $61.95.
About Mobileye NV
Mobileye N.V. is engaged in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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