Lucid Group (LCID) Expected to Announce Quarterly Earnings on Tuesday

Lucid Group (NASDAQ:LCID - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect Lucid Group to post earnings of ($0.23) per share and revenue of $250.50 million for the quarter.

Lucid Group (NASDAQ:LCID - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Lucid Group had a negative return on equity of 74.67% and a negative net margin of 406.63%. The business had revenue of $235.05 million during the quarter, compared to the consensus estimate of $250.50 million. During the same quarter in the previous year, the business posted ($0.27) earnings per share. Lucid Group's quarterly revenue was up 36.1% 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 Performance

Shares of NASDAQ LCID traded down $0.08 during midday trading on Wednesday, hitting $2.26. 136,031,623 shares of the company's stock traded hands, compared to its average volume of 65,243,019. The firm has a fifty day moving average of $2.35 and a 200 day moving average of $2.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.26 and a current ratio of 3.71. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of -1.68 and a beta of 0.88. Lucid Group has a 1 year low of $1.93 and a 1 year high of $4.43.

Analyst Upgrades and Downgrades

LCID has been the subject of a number of analyst reports. TD Cowen began coverage on shares of Lucid Group in a report on Friday, March 7th. They issued a "hold" rating and a $2.30 price target for the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $3.00 price objective on shares of Lucid Group in a research note on Wednesday. Robert W. Baird lifted their price target on Lucid Group from $2.00 to $3.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Cowen started coverage on shares of Lucid Group in a research report on Thursday, March 6th. They set a "hold" rating for the company. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Lucid Group in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Lucid Group currently has a consensus rating of "Hold" and an average price target of $2.68.

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.