Lucid Stock Drops Despite Market Gains Ahead of Closely Watched Earnings
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Lucid Group (LCID) stock dropped despite market gains. The stock trailed the S&P 500 and other major indices.
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Lucid Group's upcoming earnings release will be of great interest to investors. The company is forecasted to report improved EPS and revenue growth.
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It would be beneficial for investors to monitor recent shifts in analyst projections for Lucid. Positive estimate revisions reflect analyst optimism.
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Over the past month, there's been no change to the consensus EPS estimate for Lucid Group. The stock currently holds a Zacks Rank of #3 (Hold).
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The Automotive - Domestic industry ranks in the top 35% of all industries, per the Zacks Industry Rank. The top 50% industries tend to outperform the bottom half.