Autonomous driving technology company Mobileye (NASDAQ:MBLY) will be reporting earnings tomorrow before market hours. Here’s what investors should know.
Mobileye beat analysts’ revenue expectations by 4.6% last quarter, reporting revenues of $504 million, up 3.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ adjusted operating income estimates.
Is Mobileye a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Mobileye’s revenue to decline 11.8% year on year to $432.4 million, improving from the 23.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Mobileye has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.8% on average.
Looking at Mobileye’s peers in the industrials segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Winnebago delivered year-on-year revenue growth of 12.3%, beating analysts’ expectations by 10.9%, and Greenbrier reported a revenue decline of 19.4%, topping estimates by 7.7%. Winnebago traded up 18.7% following the results while Greenbrier was down 78.2%.
Read our full analysis of Winnebago’s results here and Greenbrier’s results here.
There has been positive sentiment among investors in the industrials segment, with share prices up 6.7% on average over the last month. Mobileye is up 5.3% during the same time and is heading into earnings with an average analyst price target of $18.20 (compared to the current share price of $10.70).
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