We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lucid Group (LCID) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
Lucid Group (LCID - Free Report) closed the latest trading day at $2.19, indicating a -1.79% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.55%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 0.63%.
Coming into today, shares of the an electric vehicle automaker had lost 14.89% in the past month. In that same time, the Auto-Tires-Trucks sector gained 2.21%, while the S&P 500 gained 6.29%.
Analysts and investors alike will be keeping a close eye on the performance of Lucid Group in its upcoming earnings disclosure. On that day, Lucid Group is projected to report earnings of -$0.26 per share, which would represent year-over-year growth of 10.34%. At the same time, our most recent consensus estimate is projecting a revenue of $292.12 million, reflecting a 45.64% rise from the equivalent quarter last year.
LCID's full-year Zacks Consensus Estimates are calling for earnings of -$0.91 per share and revenue of $1.35 billion. These results would represent year-over-year changes of +27.2% and +67.3%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Lucid Group. Recent revisions tend to reflect the latest near-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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Lucid Group currently has a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 219, placing it within the bottom 11% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lucid Group (LCID) Stock Sinks As Market Gains: Here's Why
Lucid Group (LCID - Free Report) closed the latest trading day at $2.19, indicating a -1.79% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.55%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 0.63%.
Coming into today, shares of the an electric vehicle automaker had lost 14.89% in the past month. In that same time, the Auto-Tires-Trucks sector gained 2.21%, while the S&P 500 gained 6.29%.
Analysts and investors alike will be keeping a close eye on the performance of Lucid Group in its upcoming earnings disclosure. On that day, Lucid Group is projected to report earnings of -$0.26 per share, which would represent year-over-year growth of 10.34%. At the same time, our most recent consensus estimate is projecting a revenue of $292.12 million, reflecting a 45.64% rise from the equivalent quarter last year.
LCID's full-year Zacks Consensus Estimates are calling for earnings of -$0.91 per share and revenue of $1.35 billion. These results would represent year-over-year changes of +27.2% and +67.3%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Lucid Group. Recent revisions tend to reflect the latest near-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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Lucid Group currently has a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 219, placing it within the bottom 11% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.