Mobileye Global (MBLY) to Release Earnings on Thursday

Mobileye Global (NASDAQ:MBLY) will post 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. Mobileye Global’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. 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 Trading Up 2.8 %

Shares of MBLY opened at $30.96 on Thursday. The stock has a 50-day moving average price of $28.69 and a 200-day moving average price of $33.85. The company has a market cap of $24.96 billion, a PE ratio of -773.81, a price-to-earnings-growth ratio of 15.46 and a beta of -0.21. Mobileye Global has a 12-month low of $23.49 and a 12-month high of $47.41.

Insider Buying and Selling at Mobileye Global

In other news, Director Patrick P. Gelsinger purchased 3,600 shares of the company’s stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the purchase, the director now owns 129,095 shares in the company, valued at $3,582,386.25. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors have recently modified their holdings of MBLY. Advisors Asset Management Inc. raised its position in shares of Mobileye Global by 41.0% in the third quarter. Advisors Asset Management Inc. now owns 5,256 shares of the company’s stock worth $218,000 after acquiring an additional 1,528 shares during the period. MGO One Seven LLC purchased a new stake in shares of Mobileye Global during the fourth quarter worth $215,000. Advisor Group Holdings Inc. purchased a new position in Mobileye Global in the 4th quarter worth approximately $209,000. LPL Financial LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $201,000. Finally, PNC Financial Services Group Inc. grew its holdings in Mobileye Global by 64.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock valued at $162,000 after buying an additional 1,470 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

MBLY has been the topic of several research reports. Bank of America lowered Mobileye Global from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $47.00 to $22.00 in a research report on Thursday, January 4th. Barclays dropped their price target on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Friday, April 12th. Robert W. Baird dropped their price objective on shares of Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, January 26th. Finally, TD Cowen reduced their price target on shares of Mobileye Global from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.91.

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.