Lucid (LCID) Q4 Earnings: What To Expect

Luxury electric car manufacturer Lucid (NASDAQ:LCID) will be announcing earnings results this Tuesday afternoon. Here’s what investors should know.

Lucid missed analysts’ revenue expectations last quarter, reporting revenues of $336.6 million, up 68.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

This quarter, the market is expecting Lucid’s revenue to grow 90% year on year, improving from the 49.2% increase it recorded in the same quarter last year.

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 multiple times over the last two years.

Looking at Lucid’s peers in the automobile manufacturing segment, some have already reported their Q4 results, giving us a hint as to what we can expect. General Motors’s revenues decreased 5.1% year on year, missing analysts’ expectations by 1.1%, and Autoliv reported revenues up 7.7%, topping estimates by 1.2%. General Motors traded up 6.9% following the results while Autoliv was down 4.7%.

There has been positive sentiment among investors in the automobile manufacturing segment, with share prices up 7.1% on average over the last month. Lucid is down 10% during the same time and is heading into earnings with an average analyst price target of $16.67 (compared to the current share price of $9.59).

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