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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2025 | -0.21 | -0.24 | Missed |
Mar. 31 2025 | -0.23 | -0.20 | Beat |
Dec. 31 2024 | -0.25 | -0.22 | Beat |
Sep. 30 2024 | -0.30 | -0.28 | Beat |
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