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Mobileye Global (MBLY) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.14 per share a year ago.
Mobileye (MBLY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Artificial intelligence (AI) has utility in virtually every sector and industry. Although Wall Street's high-water price target on Nvidia implies up to 59% upside, the face of the AI movement is set to contend with a growing number of headwinds.
Mobileye's driver assistance and autonomous vehicle tech have enabled it to win big business. Management predicts revenue will decline in 2024 due to a buildup of excess customer inventory.
Israeli automotive tech company Mobileye said on Wednesday it had secured orders to ship 46 million of its EyeQ6 Lite assisted-driving chips over the next few years as automakers race to makes cars safer and easier to drive.
Analysts say Wall Street doesn't fully appreciate the company's competitive advantages.
JERUSALEM--(BUSINESS WIRE)--Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today announced that it will release its financial results for the first quarter 2024 on Thursday, April 25, 2024, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO.
After a share-price crash in January, Mobileye recovered strongly in March. The company reiterated that the anticipated recovery following a first-quarter inventory correction was on track.
Mobileye (MBLY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Earnings growth typically drives stock prices. Three stocks are set to grow at double and even triple-digit rates this year, yet their prices stay at more than 30% discounts from their 52-week highs.