Mobileye Global (MBLY) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.09 per share a year ago.
Self-driving technology firm Mobileye Global raised its forecast for fiscal 2025 revenue on Thursday, anticipating a rise in orders for its autonomous driving chips as customers clear existing inventory.
Mobileye (MBLY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mobileye (MBLY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Mobileye's ADAS business remains solid despite tariff uncertainties. Design wins for advanced products have been slow, but ongoing engagements and new prospects with top OEMs show promise for future growth. Revenue from advanced products and robotaxi partnerships are expected to lead to stronger growth from 2027 onwards.
MBLY is set to gain from the rising demand for ADAS and autonomous driving features and strategic partnerships despite rising operating expenses.
MBLY's first-quarter earnings match expectations, while revenues surpass the Zacks Consensus Estimate.
Mobileye reported slightly better Q1'25 revenues, but the company still hasn't topped revenues from 2 years ago. The company had some promising news on robotaxi services, but the material revenue benefit still won't occur until 2027. The stock trades at an EV/S multiple of 6x, not cheap enough for a 3rd wheel in AVs.
Mobileye, a leader in ADAS and autonomous driving, partners with major automakers and holds a significant market share, positioning it for massive growth. Despite a 50% stock drop this year, recent earnings show rapid business expansion and potential for substantial recovery, possibly doubling within a year. Mobileye's growth prospects include $2 billion in sales next year, 20-30%+ sales growth, and the potential for a significant short squeeze due to improving fundamentals.
Mobileye Global (MBLY) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago.
On Wednesday, Needham analyst Quinn Bolton reiterated Mobileye Global Inc MBLY with a Buy and a $20 price target.
Shares of self-driving technology company Mobileye (MBLY 8.65%) were on the rise on Tuesday, up as much as 13.6%, before settling into a 8% gain as of 2:54 p.m. ET.