The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 30% of all 250+ industries.Disclaimer: The TipRanks Smart Score performance is based on backtested results. The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Lucid Group is holding a Zacks Rank of #4 (Sell) right now.

Over the past month, the Zacks Consensus EPS estimate has moved 3.3% lower. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors should also note any recent changes to analyst estimates for Lucid Group. Our most recent consensus estimate is calling for quarterly revenue of $222.13 million, up 128.2% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$1.46 per share and revenue of $791.21 million, which would represent changes of +7.01% and +30.09%, respectively, from the prior year.

The company is expected to report EPS of -$0.38, down 15.15% from the prior-year quarter. Wall Street will be looking for positivity from Lucid Group as it approaches its next earnings report date. In that same time, the Auto-Tires-Trucks sector gained 15.63%, while the S&P 500 gained 3.44%. At the same time, the Dow added 0.5%, and the tech-heavy Nasdaq lost 5.66%.Ĭoming into today, shares of the an electric vehicle automaker had lost 10.62% in the past month. This move lagged the S&P 500's daily gain of 0.62%. Lucid Group (LCID) closed the most recent trading day at $6.28, moving -1.88% from the previous trading session.

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