Lucid Group (LCID) Scheduled to Post Earnings on Monday

Lucid Group (NASDAQ:LCID) will post its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Lucid Group to post earnings of ($0.26) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Lucid Group (NASDAQ:LCID) last posted its earnings results on Monday, May 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.05). Lucid Group had a negative net margin of 441.29% and a negative return on equity of 53.53%. The company had revenue of $172.74 million during the quarter, compared to the consensus estimate of $173.54 million. During the same quarter in the prior year, the business earned ($0.43) EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, analysts expect Lucid Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Lucid Group Stock Down 4.6 %

LCID stock opened at $3.12 on Friday. Lucid Group has a twelve month low of $2.29 and a twelve month high of $7.30. The company has a quick ratio of 4.12, a current ratio of 4.66 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $3.01 and its 200-day moving average is $2.96. The firm has a market capitalization of $7.20 billion, a PE ratio of -2.46 and a beta of 1.04.

Wall Street Analysts Forecast Growth

LCID has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “underweight” rating and issued a $4.00 target price on shares of Lucid Group in a report on Monday, July 22nd. Robert W. Baird restated a “neutral” rating and issued a $3.00 target price on shares of Lucid Group in a report on Monday, July 8th. Needham & Company LLC restated a “hold” rating on shares of Lucid Group in a report on Tuesday, May 7th. Citigroup reaffirmed a “neutral” rating and set a $2.90 price target on shares of Lucid Group in a research report on Monday, April 22nd. Finally, Stifel Nicolaus decreased their price target on Lucid Group from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.14.

About Lucid Group

Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.