• Lucid Group Inc LCID.OQ reported a quarterly adjusted loss of $3.62​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $-2.20. The mean expectation of eleven analysts for the quarter was for a loss of $2.62 per share. Wall Street expected results to range from $-2.89 to $-2.38 per share.

• Revenue rose 161.3% to $336.58 million from a year ago; analysts expected $467.98 million.

• Lucid Group Inc's reported EPS for the quarter was a loss of $3.31​.

• The company reported a quarterly loss of $1.03 billion.

• Lucid Group Inc shares had fallen by 10.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.1% in the last three months.​

• In the last 30 days, two analysts negatively revised 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 2 "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 $16.91, about 44.2% above its last closing price of $9.44

This summary was machine generated from LSEG data February 24 at 10:43 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)