Lucid Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Lucid Group, Inc. reported a quarterly adjusted loss of $2.74​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $-2.65. The mean expectation of eleven analysts for the quarter was for a loss of $2.28 per share. Wall Street expected results to range from $-2.41 to $-2.08 per share.

• Revenue rose 4.1% to $350.32 million from a year ago; analysts expected $407.31 million.

• Lucid Group, Inc.'s reported EPS for the quarter was a loss of $2.74​.

• The company reported a quarterly loss of $1.08 billion.

• Lucid Group, Inc. shares had fallen by 19.2% this quarter and lost 68.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 8 "hold" and 3 "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 $7.00, about 53% above its last closing price of $3.29

This summary was machine generated from LSEG data November 9 at 11:18 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)