• Lucid Group Inc LCID.OQ reported a quarterly adjusted loss of 24 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -29 cents. The mean expectation of thirteen analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -24 cents to -18 cents per share.

• Revenue rose 29.3% to $259.43 million from a year ago; analysts expected $279.89 million.

• Lucid Group Inc's reported EPS for the quarter was a loss of 24 cents​.

• The company reported a quarterly loss of $739.26 million.

• Lucid Group Inc shares had risen by 14.2% this quarter and lost 20.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 11 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

• Wall Street's median 12-month price target for Lucid Group Inc is $2.57, about 6.2% above its last closing price of $2.41

This summary was machine generated from LSEG data August 5 at 09:38 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)