A Look at Lucid Gr's Upcoming Earnings Report

Lucid Gr (NASDAQ:LCID) is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Lucid Gr will report an earnings per share (EPS) of $-0.30.

Lucid Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

During the last quarter, the company reported an EPS missed by $0.03, leading to a 3.0% increase in the share price on the subsequent day.

Here's a look at Lucid Gr's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.26

-0.25

-0.29

-0.35

EPS Actual

-0.29

-0.30

-0.29

-0.28

Price Change %

3.0%

-14.000000000000002%

-17.0%

-8.0%

Stock Performance

Shares of Lucid Gr were trading at $2.25 as of November 05. Over the last 52-week period, shares are down 41.83%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Insights on Lucid Gr

Understanding market sentiments and expectations within the ...