Financial News
Lucid (LCID) Reports Q1: Everything You Need To Know Ahead Of Earnings
Luxury electric car manufacturer Lucid (NASDAQ: LCID) will be reporting earnings tomorrow after market close. Here’s what investors should know.
Lucid beat analysts’ revenue expectations by 10.8% last quarter, reporting revenues of $234.5 million, up 49.2% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ sales volume estimates and an impressive beat of analysts’ EPS estimates.
Is Lucid a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Lucid’s revenue to grow 38% year on year to $238.4 million, improving from the 15.6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.23 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lucid has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Lucid’s peers in the automobile manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Winnebago’s revenues decreased 11.9% year on year, beating analysts’ expectations by 0.6%, and General Motors reported revenues up 2.3%, topping estimates by 2.7%. Winnebago’s stock price was unchanged after the results, while General Motors was down 4.2%.
Read our full analysis of Winnebago’s results here and General Motors’s results here.
There has been positive sentiment among investors in the automobile manufacturing segment, with share prices up 13% on average over the last month. Lucid is up 3.3% during the same time and is heading into earnings with an average analyst price target of $2.53 (compared to the current share price of $2.53).
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