Mobileye Global Inc reports results for the quarter ended September 30 - Earnings Summary

• Mobileye Global Inc reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 6 cents to 13 cents per share.

• Revenue fell 2.4% to $492.00 million from a year ago; analysts expected $476.90 million.

• Mobileye Global Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $67 million.

• Mobileye Global Inc shares had fallen by 4.5% this quarter and lost 32.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the integrated hardware & software peer group is "buy."

• Wall Street's median 12-month price target for Mobileye Global Inc is $10.10, about 30.1% above its last closing price of $7.06

This summary was machine generated from LSEG data October 29 at 03:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)