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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
Lucid Group (LCID - Free Report) ended the recent trading session at $9.91, demonstrating a -7.21% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.74%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 2.38%.
Shares of the an electric vehicle automaker witnessed a gain of 3.89% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 8.68%, and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Lucid Group in its forthcoming earnings report. In that report, analysts expect Lucid Group to post earnings of -$2.53 per share. This would mark a year-over-year decline of 5.42%. In the meantime, our current consensus estimate forecasts the revenue to be $471.83 million, indicating a 100.74% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$9.79 per share and a revenue of $2.26 billion, signifying shifts of +19.02% and +67.28%, respectively, from the 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.3% downward. Right now, Lucid Group possesses 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 180, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Lucid Group (LCID) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Lucid Group (LCID - Free Report) ended the recent trading session at $9.91, demonstrating a -7.21% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.74%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 2.38%.
Shares of the an electric vehicle automaker witnessed a gain of 3.89% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 8.68%, and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Lucid Group in its forthcoming earnings report. In that report, analysts expect Lucid Group to post earnings of -$2.53 per share. This would mark a year-over-year decline of 5.42%. In the meantime, our current consensus estimate forecasts the revenue to be $471.83 million, indicating a 100.74% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$9.79 per share and a revenue of $2.26 billion, signifying shifts of +19.02% and +67.28%, respectively, from the 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.3% downward. Right now, Lucid Group possesses 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 180, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.