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Lucid Group (LCID) Gains As Market Dips: What You Should Know
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Lucid Group (LCID - Free Report) closed at $5.55 in the latest trading session, marking a +1.46% move from the prior day. This change outpaced the S&P 500's 0.45% loss on the day. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 3.58%.
Heading into today, shares of the an electric vehicle automaker had lost 30.5% over the past month, lagging the Auto-Tires-Trucks sector's gain of 19.21% and the S&P 500's gain of 5.01% in that time.
Wall Street will be looking for positivity from Lucid Group as it approaches its next earnings report date. The company is expected to report EPS of -$0.38, down 15.15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $222.13 million, up 128.2% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.46 per share and revenue of $791.21 million, which would represent changes of +7.01% and +30.09%, respectively, from the prior year.
Any recent changes to analyst estimates for Lucid Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 7.2% higher within the past month. Lucid Group is holding a Zacks Rank of #4 (Sell) right now.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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) Gains As Market Dips: What You Should Know
Lucid Group (LCID - Free Report) closed at $5.55 in the latest trading session, marking a +1.46% move from the prior day. This change outpaced the S&P 500's 0.45% loss on the day. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 3.58%.
Heading into today, shares of the an electric vehicle automaker had lost 30.5% over the past month, lagging the Auto-Tires-Trucks sector's gain of 19.21% and the S&P 500's gain of 5.01% in that time.
Wall Street will be looking for positivity from Lucid Group as it approaches its next earnings report date. The company is expected to report EPS of -$0.38, down 15.15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $222.13 million, up 128.2% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.46 per share and revenue of $791.21 million, which would represent changes of +7.01% and +30.09%, respectively, from the prior year.
Any recent changes to analyst estimates for Lucid Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 7.2% higher within the past month. Lucid Group is holding a Zacks Rank of #4 (Sell) right now.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.