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Stock impact report

Lucid Group (LCID) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
The stock's change was less than the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.24%. Shares of the an electric vehicle automaker witnessed a loss of 15.06% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 7.62% and the S&P 500's gain of 0.48%. The investment community will be paying close attention to the earnings performance of Lucid Group in its upcoming release. In that report, analysts expect Lucid Group to post earnings of -$0.24 per share. This would mark year-over-year growth of 44.19%. Meanwhile, the latest consensus estimate predicts the revenue to be $167.82 million, indicating a 12.3% increase compared to the same quarter of the previous year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.06 per share and a revenue of $745.98 million, indicating changes of +22.06% and +25.32%, respecti Show less Read more
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