Why Intuitive Machines Stock Is Trending After Earnings

Intuitive Machines, Inc. LUNR shares are trending on social media and volatile Thursday after the company reported its fourth-quarter financial results. Here's a look at the details. 

The Details:

The company reported quarterly sales of $30.56 million which beat the analyst consensus estimate of $22.2 million by 37.66%.

Intuitive Machines highlighted its delivery of NASA and commercial payloads to the moon, marking the United States’ first lunar landing in over 50 years. The company said it earned mission completion milestone payments from NASA and commercial customers of approximately $12.5 million following the lunar mission. 

“Exactly one year after going public, Intuitive Machines launched its IM-1 mission, and one week later, on February 22, 2024, we successfully landed, marking the United States’ first lunar landing in over 50 years. The successful landing, recognized by the White House, NASA, and our commercial customers, fundamentally disrupted the economics of landing on the Moon while substantially retiring the costs of developing a lunar program,” said Intuitive Machines CEO Steve Altemus. 

Related News: Five Below Stock Falls On Q4 Results: Here’s Why

LUNR Stock Prediction 2024

Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.

Shares of Intuitive Machines LUNR have an average 1-year price target of $12.40, representing an expected upside of 126.48%.

Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Intuitive Machines, while 5 analysts have bullish ratings. The street high price target from Cantor Fitzgerald is $13, while the street low from Benchmark is $10.

LUNR Price Action: According to Benzinga Pro, Intuitive Machines shares are roughly flat at the time of publication.

Photo: Courtesy of Intuitive Machines, Inc.