Lucid Group stock closes lower compared to S&P 500, projected revenue increase

From NASDAQ.: 2024-10-04 18:15:22

In the latest trading session, Lucid Group (LCID) closed at $3.34, down 1.47%. The stock’s performance lagged behind the S&P 500, which saw a 0.9% gain. For the past month, LCID has fallen by 6.61%, behind the Auto-Tires-Trucks sector’s 6.06% gain and the S&P 500’s 3.15% increase.

Lucid Group is set to release its financial results with an estimated EPS of -$0.32, down 14.29% from last year. Revenue is projected to be $177.62 million, a 28.88% increase. Zacks Consensus Estimates predict an annual EPS of -$1.27 and revenue of $759.51 million.

The Zacks Rank system indicates changes in analyst estimates can impact stock prices. With a current Zacks Rank of #4 (Sell), investors can monitor Lucid Group for potential opportunities.

The Automotive – Domestic industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 168, in the bottom 34%. Top-performing industry sectors tend to outperform lower-ranked sectors by a factor of 2 to 1.

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Read more at NASDAQ.: Lucid Group (LCID) Stock Sinks As Market Gains: Here’s Why