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Stock impact report

Lucid Group (LCID) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]

Lucid Group, Inc. (LCID) 
Company Research Source: Yahoo! Finance
This change lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.69%, while the tech-heavy Nasdaq appreciated by 0.8%. Shares of the an electric vehicle automaker have depreciated by 34.81% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 3.41% and the S&P 500's loss of 0.97%. The investment community will be closely monitoring the performance of Lucid Group in its forthcoming earnings report. The company is scheduled to release its earnings on November 7, 2024. The company's earnings per share (EPS) are projected to be -$0.32, reflecting a 14.29% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $199.5 million, indicating a 44.76% growth compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.22 per share and revenue of $769.99 million, indicating changes of +10 Show less Read more
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