Latest lcid news
2/20/2024 03:39am
Here is the relevant news and analysis:1. Lucid Group Earnings Preview: Lucid Group (LCID) reports Q4 2023 earnings on February 21. Analysts expect a loss of $0.28 per share, a 30% improvement year-over-year, but with revenues down 35.3% at $166.76 million. Lucid has missed earnings estimates in the past, with a 7.70% average negative surprise.2. Stock Performance and Outlook: Lucid Group Inc (LCID) is up 1.38% in pre-market trading, but its overall score is poor at 32, indicating lower value compared to other stocks. Analysts rate it a "Sell" with a $5.47 average target price.3. Earnings and Revenue Trends: Lucid Group is expected to report negative earnings but a positive EPS surprise is unlikely. The company's Long-Term Technical rank is 8, indicating lower performance over the last 200 trading days.Analysis: Lucid Group's upcoming earnings report is crucial for assessing its financial health and future prospects. While the company has shown improvements in some areas, its history of missing earnings estimates and negative overall score suggest caution. Investors should closely monitor the earnings release for any signs of growth or challenges that could impact the stock's performance.