Lucid Q4 Earnings: Revenue Miss, EPS Beat, 2024 Production Guidance And More
Portfolio Pulse from Adam Eckert
Lucid Group Inc (NASDAQ:LCID) reported its Q4 earnings with a revenue of $157.2 million, missing the consensus estimate of $179.88 million, but beating EPS estimates with a loss of 29 cents per share against an expected loss of 32 cents. The company produced 2,391 vehicles and delivered 1,734 in Q4, ending with $4.78 billion in liquidity. Lucid aims to produce approximately 9,000 vehicles in 2024 and confirmed the production schedule for its Gravity SUV and a midsize platform.
February 21, 2024 | 9:16 pm
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Lucid Group reported Q4 earnings with a revenue miss and an EPS beat, alongside a production guidance for 2024 and updates on upcoming vehicle models.
Lucid's Q4 earnings report presents a mixed bag with a revenue miss and an EPS beat, which could lead to varied investor sentiment. The company's strong liquidity position and clear production guidance for 2024, including the launch of new vehicle models, provide a positive outlook. However, the immediate negative reaction in after-hours trading indicates short-term price pressure. The long-term impact will depend on the company's ability to meet its production targets and market response to its new models.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100