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Lucid Group (LCID) Dips More Than Broader Markets: What You Should Know
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Lucid Group (LCID - Free Report) closed at $6.48 in the latest trading session, marking a -1.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.37%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 1.18%.
Coming into today, shares of the an electric vehicle automaker had lost 9.6% in the past month. In that same time, the Auto-Tires-Trucks sector gained 28.27%, while the S&P 500 gained 7.18%.
Investors will be hoping for strength from Lucid Group as it approaches its next earnings release. In that report, analysts expect Lucid Group to post earnings of -$0.38 per share. This would mark a year-over-year decline of 15.15%. Our most recent consensus estimate is calling for quarterly revenue of $222.13 million, up 128.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.46 per share and revenue of $791.21 million. These totals would mark changes of +7.01% and +30.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Lucid Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.2% higher. Lucid Group is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 82, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Lucid Group (LCID) Dips More Than Broader Markets: What You Should Know
Lucid Group (LCID - Free Report) closed at $6.48 in the latest trading session, marking a -1.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.37%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 1.18%.
Coming into today, shares of the an electric vehicle automaker had lost 9.6% in the past month. In that same time, the Auto-Tires-Trucks sector gained 28.27%, while the S&P 500 gained 7.18%.
Investors will be hoping for strength from Lucid Group as it approaches its next earnings release. In that report, analysts expect Lucid Group to post earnings of -$0.38 per share. This would mark a year-over-year decline of 15.15%. Our most recent consensus estimate is calling for quarterly revenue of $222.13 million, up 128.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.46 per share and revenue of $791.21 million. These totals would mark changes of +7.01% and +30.09%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Lucid Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.2% higher. Lucid Group is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 82, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.