Trading Strategies For Lucid Stock Heading Into Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Lucid Group, Inc (NASDAQ:LCID) is set to release its Q3 earnings after the markets close on Tuesday. The stock was trading slightly lower ahead of the event. In Q2, Lucid reported a loss of 40 cents per share on revenue of $150.9 million, missing the Street estimate. For Q3, analysts estimate a loss of 35 cents per share on revenues of $192.72 million. Lucid's delivery numbers for Q3 were below analyst expectations, which could impact the company's top and bottom lines.
November 07, 2023 | 7:56 pm
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Lucid Group's Q3 earnings release is anticipated, with analysts predicting a loss. The company's Q3 delivery numbers were below expectations, which could negatively impact its financial results.
Lucid Group's stock price could be negatively impacted in the short term due to the anticipated loss in Q3 earnings and lower than expected delivery numbers. This could lead to a lack of investor confidence and a potential drop in the stock price.
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