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Mobileye Global (MBLY) Q3 Earnings and Revenues Beat Estimates
MBLYMobileye (MBLY) ZACKS·2024-10-31 12:51

Core Viewpoint - Mobileye Global reported quarterly earnings of 0.10pershare,exceedingtheZacksConsensusEstimateof0.10 per share, exceeding the Zacks Consensus Estimate of 0.09 per share, but down from 0.22pershareayearago[1][2]FinancialPerformance−Thecompanyachievedrevenuesof0.22 per share a year ago [1][2] Financial Performance - The company achieved revenues of 486 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.88%, but down from 530millionyear−over−year[3]−MobileyehassurpassedconsensusEPSestimatesthreeoutofthelastfourquartersandhastoppedconsensusrevenueestimatesfourtimesoverthelastfourquarters[2][3]StockPerformance−Mobileyeshareshavedeclinedapproximately71.3530 million year-over-year [3] - Mobileye has surpassed consensus EPS estimates three out of the last four quarters and has topped consensus revenue estimates four times over the last four quarters [2][3] Stock Performance - Mobileye shares have declined approximately 71.3% since the beginning of the year, contrasting with the S&P 500's gain of 21.9% [4] - The current Zacks Rank for Mobileye is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is 0.11 on revenues of 494.15million,andforthecurrentfiscalyear,itis494.15 million, and for the current fiscal year, it is 0.22 on revenues of $1.65 billion [8] - The outlook for the Automotive - Original Equipment industry, where Mobileye operates, is currently in the bottom 25% of Zacks industries, which may impact stock performance [9]