Lucid Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Lucid Group Inc LCID.OQ reported a quarterly adjusted loss of 22 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -30 cents. The mean expectation of twelve analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -30 cents to -22 cents per share.

• Revenue rose 49.2% to $234.47 million from a year ago; analysts expected $214.22 million.

• Lucid Group Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $636.9 million.

• Lucid Group Inc shares had fallen by 7.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 9 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the auto & truck manufacturers peer group is also "hold"

Wall Street's median 12-month price target for Lucid Group Inc is $3.00

This summary was machine generated from LSEG data February 25 at 10:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)