Published on 21 Feb 2023 on Zacks via Yahoo Finance
LUCID (LCID) to Report Q4 Earnings: Here's What to Expect
Lucid Group LCID is scheduled to release fourth-quarter 2022 results on Feb 22, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at a loss of 39 cents per share and $290 million, respectively. The consensus mark for Lucid’s fourth-quarter loss per share narrowed by 3 cents in the past 60 days.Lucid’s bottom line estimates imply a decline of 5.41% from the year-ago reported number. The Zacks Consensus Estimate for its quarterly revenues suggests a year-over-year increase of 998.14%.This electric vehicle company made its NASDAQ debut on Jul 26, 2021. In the last reported quarter, it posted a net loss per share of 40 cents, wider than the Zacks Consensus Estimate of 33 cents per share. Over the trailing four quarters, Lucid has surpassed earnings estimates on two out of four occasions and missed in the rest, with the average surprise being 11.2%. This is depicted in the graph below:
Lucid Group, Inc. Price and EPS Surprise
