Group 1: Earnings Performance - Mobileye Global reported quarterly earnings of 0.07 per share a year ago [1] - The company posted revenues of 239 million year-over-year [2] - Over the last four quarters, Mobileye has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Mobileye shares have declined approximately 33.7% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is 435.76 million, and for the current fiscal year, it is 1.72 billion [7] - The estimate revisions trend for Mobileye is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Automotive - Original Equipment industry, to which Mobileye belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]
Mobileye Global (MBLY) Matches Q1 Earnings Estimates