Posted 3/19/2024, 9:50:19 PM
Lucid Stock Slides 25% in a Month Despite Broader Market Gains; Q4 Earnings and 2023 Growth in Focus
- Lucid Group (LCID) stock closed down 1.82% while broader markets were up
- LCID shares have fallen 25.88% over the past month, underperforming the sector and S&P 500
- LCID expected to report Q4 EPS of -$0.24 and revenue of $167.82 million
- For fiscal year, consensus forecasts call for EPS of -$1.06 on revenue of $745.98 million
- LCID holds a Zacks Rank #3 (Hold); automotive industry ranks in top 25% of all industries