Mobileye Global (MBLY) Scheduled to Post Quarterly Earnings on Thursday

Mobileye Global (NASDAQ:MBLYGet Rating) is scheduled to release its earnings data before the market opens on Thursday, January 26th. Analysts expect Mobileye Global to post earnings of $0.18 per share for the quarter. Mobileye Global has set its FY 2022 guidance at EPS and its Q4 2022 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Mobileye Global (NASDAQ:MBLYGet Rating) last released its earnings results on Wednesday, December 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $450.00 million for the quarter, compared to the consensus estimate of $449.93 million. On average, analysts expect Mobileye Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mobileye Global Price Performance

NASDAQ MBLY traded down $1.11 on Tuesday, hitting $34.12. 2,154,458 shares of the company’s stock were exchanged, compared to its average volume of 2,550,863. The business has a 50-day moving average price of $32.18. Mobileye Global has a 52 week low of $24.85 and a 52 week high of $37.31.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI assumed coverage on Mobileye Global in a research note on Monday, November 21st. They issued an “outperform” rating and a $36.00 price target for the company. Cowen initiated coverage on Mobileye Global in a research report on Monday, November 21st. They set an “outperform” rating and a $35.00 target price for the company. Loop Capital initiated coverage on Mobileye Global in a research report on Tuesday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Mobileye Global in a research report on Tuesday, January 17th. They set a “buy” rating and a $48.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Mobileye Global in a research report on Tuesday, January 17th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.33.

Insider Buying and Selling at Mobileye Global

In related news, CEO Amnon Shashua purchased 476,191 shares of the business’s stock in a transaction on Friday, October 28th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the purchase, the chief executive officer now owns 476,191 shares of the company’s stock, valued at $10,000,011. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the company’s stock in a transaction on Friday, October 28th. The shares were purchased at an average price of $21.00 per share, with a total value of $997,899.00. Following the transaction, the director now directly owns 47,519 shares in the company, valued at $997,899. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amnon Shashua bought 476,191 shares of the company’s stock in a transaction on Friday, October 28th. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $10,000,011.00. Following the transaction, the chief executive officer now owns 476,191 shares in the company, valued at $10,000,011. The disclosure for this purchase can be found here.

Mobileye Global Company Profile

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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a driver assist solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management and supports over-the-air updates.

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