Lucid Group First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]
Lucid Group, Inc. (LCID)
Company Research
Source: Yahoo! Finance
Net loss: US$684.8m (loss narrowed by 12% from 1Q 2023). US$0.30 loss per share (improved from US$0.43 loss in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Lucid Group Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 18%. Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US. Performance of the American Auto industry. The company's shares are up 2.7% from a week ago. Risk Analysis It is worth noting though that we have found 3 warning signs for Lucid Group (1 is significant!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide com
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LCID
News
- Easy Come, Easy Go? Lucid Stock Has Already Given Up Much of This Week's Gains [Yahoo! Finance]Yahoo! Finance
- Lucid, Workhorse Group and Canoo lead meme-on rally for some EV names [Seeking Alpha]Seeking Alpha
- Why These Former Meme-Stock EV Companies Are Surging Now [Yahoo! Finance]Yahoo! Finance
- Analyst Forecasts Just Became More Bearish On Lucid Group, Inc. (NASDAQ:LCID) [Yahoo! Finance]Yahoo! Finance
- Should Investors Buy Lucid Stock Today? [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 5/6/24 - Miss
LCID
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/26/24 - Form 4
- LCID's page on the SEC website