Lucid Group Inc reports results for the quarter ended June 30 - Earnings Summary
Lucid Group Inc reports results for the quarter ended June 30 - Earnings Summary
Lucid Group Inc LCID.OQ reported a quarterly adjusted loss of $3.30 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $-2.40. The mean expectation of twelve analysts for the quarter was for a loss of $2.46 per share. Wall Street expected results to range from $-2.98 to $-2.02 per share.
Revenue rose 56.2% to $405.35 million from a year ago; analysts expected $416.05 million.
Lucid Group Inc's reported EPS for the quarter was a loss of $3.30.
The company reported a quarterly loss of $1.26 billion.
Lucid Group Inc shares had risen by 15.1% this quarter and lost 27.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.1% 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 2 "strong buy" or "buy," 9 "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 10% below its last closing price of $7.70
This summary was machine generated from LSEG data August 4 at 08:46 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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -2.46 | -3.30 | Missed |
Mar. 31 2026 | -2.65 | -3.46 | Missed |
Dec. 31 2025 | -2.61 | -3.62 | Missed |
Sep. 30 2025 | -2.25 | -2.65 | Missed |
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