Mobileye Global Inc. NASDAQ: MBLY is a worldwide leader in the development of advanced driver assistance systems (ADAS), which are routinely found in modern electric vehicles (EVs) and internal combustion engine (ICE) vehicles. Their proprietary EyeQ system-on-chips (SoCs) primarily utilizes a vision-based modality using artificial intelligence (AI) to interpret the environment with cameras.
Mobileye reports better-than-expected Q3 earnings and expects 2024 revenues in the range of $1.62-$1.66 billion compared to $1.60-$1.68 billion guided earlier.
Mobileye's recent guidance reassures investors but doesn't inspire new buyers. The stock is cash-rich, with about 10% of its market cap in cash. Its valuation at 85x forward free cash flow is too high relative to projected growth.
Mobileye Global Inc. (MBLY) Q3 2024 Earnings Call Transcript
Mobileye Global (MBLY) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.22 per share a year ago.
Self-driving tech firm Mobileye Global topped Wall Street expectations for quarterly revenue on Thursday as a rebound in car sales in China led to improved demand for its driver-assistance chips.
Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either Valeo S.A. (VLEEY) or Mobileye Global (MBLY).
The Zacks Consensus Estimate for MBLY's third-quarter earnings per share and revenues is pegged at 9 cents and $481.74 million, respectively.
Investors interested in Automotive - Original Equipment stocks are likely familiar with Valeo S.A. (VLEEY) and Mobileye Global (MBLY).
Shares of Mobileye (MBLY) dropped Monday after JPMorgan downgraded the company, citing doubts about the growth prospects of its SuperVision driver-assistance system.
J.P. Morgan analyst Samik Chatterjee downgraded Mobileye stock to Sell from Hold. It's the third Wall Street downgrade of the self-driving-technology firm in the past week.
A November victory for Democratic Party presidential nominee Kamala Harris could light a fire under three game-changing businesses.