Cantor Fitzgerald Comments on Lucid Group FY2026 Earnings

Key Points

• Cantor Fitzgerald cut its FY2026 EPS forecast for Lucid to ($8.16) from ($7.99) and maintained a "Neutral" rating with a $21 price target.
• Lucid's latest quarter missed expectations with EPS of ($2.65) versus a ($2.32) consensus and revenue of $336.6M below the $378.4M estimate, though revenue was up 68.3% year‑over‑year.
• Analysts' consensus averages a "Reduce" rating with a $23.74 target; shares trade around $17.28 (market cap ~$5.31B) and institutional investors hold about 75% of the stock.

Lucid Group, Inc. (NASDAQ:LCID - Free Report) - Cantor Fitzgerald dropped their FY2026 earnings per share (EPS) estimates for Lucid Group in a note issued to investors on Thursday, November 6th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will post earnings of ($8.16) per share for the year, down from their prior forecast of ($7.99). Cantor Fitzgerald has a "Neutral" rating and a $21.00 price objective on the stock. The consensus estimate for Lucid Group's current full-year earnings is ($1.25) per share.

Other research analysts also recently issued reports about the stock. Morgan Stanley upped their price target on shares of Lucid Group to $30.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 2nd. Stifel Nicolaus set a $2.10 price target on shares of Lucid Group in a report on Friday, August 29th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lucid Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $23.74.

Lucid Group Price Performance

LCID stock opened at $17.28 on Monday. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -1.61 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.81 and a quick ratio of 1.34. The company has a 50 day simple moving average of $20.18 and a 200 day simple moving average of $22.53. Lucid Group has a 1 year low of $15.25 and a 1 year high of $36.40.

Lucid Group (NASDAQ:LCID - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($2.65) EPS for the quarter, missing analysts' consensus estimates of ($2.32) by ($0.33). Lucid Group had a negative return on equity of 85.13% and a negative net margin of 224.99%.The company had revenue of $336.58 million during the quarter, compared to the consensus estimate of $378.44 million. During the same period last year, the company posted ($2.76) EPS. The firm's revenue was up 68.3% compared to the same quarter last year.

Institutional Trading of Lucid Group

Several hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in Lucid Group by 112.6% during the third quarter. PNC Financial Services Group Inc. now owns 36,923 shares of the company's stock worth $878,000 after acquiring an additional 19,557 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Lucid Group during the third quarter valued at about $705,000. Cibc World Market Inc. bought a new position in shares of Lucid Group during the 3rd quarter worth about $324,000. AlphaQuest LLC acquired a new stake in shares of Lucid Group in the 3rd quarter valued at about $575,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Lucid Group in the 3rd quarter valued at about $2,248,000. Institutional investors own 75.17% of the company's stock.

Lucid Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.