Lucid (LCID) will report its third-quarter earnings on Wednesday, November 5th, after market close, with investors watching for updates on production trends, cash burn, and full-year guidance.
Wall Street expects the company to post EPS of -$2.22 (-692.9% Y/Y), while revenue is expected to rise 85% to $370.64M.
The California-based luxury electric vehicle manufacturer has drawn attention in recent months as it deepens its autonomous driving partnership with Nvidia and Uber while expanding its retail and service presence in California. The EV-maker began deliveries of its new Gravity SUV in Canada and reported a sharp year-on-year rise in third-quarter production and deliveries.
However, the company has also faced tariff headwinds, a lower production outlook, and plans for a 1-for-10 reverse stock split as it eyes a potential equity raise despite securing a $300 million investment from Uber.
According to Seeking Alpha’s Quant rating system, the company holds a Strong Sell quant rating of 1.22 out of 5, with of C- for valuation, B for growth, F for profitability, D- for momentum, and C for revisions, reflecting persistent weakness across key performance metrics.
While, Wall Street suggests holding the stock with an average score of 2.83, including one Strong Buy, eight Hold, and one Strong Sell recommendation.
An analyst said, Lucid’s record third-quarter production and deliveries were still “insufficient to meet full-year guidance,” adding that the company “continues to burn significant cash, faces mounting losses, and will likely require more capital by next year despite a recent equity infusion.”
Over the last one year, LCID has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time.
In the last three months, EPS estimates have seen one upward revision and two downward. Revenue estimates have seen no upward revisions but seven downward.
The stock has lost around 34% over the past month and fell 45.68% YTD.