What's in store for Lucid's Q2 earnings?
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Lucid (NASDAQ:LCID) is scheduled to announce Q2 earnings results on Wednesday, August 3rd, after market close.
The consensus EPS Estimate is -$0.31 and the consensus Revenue Estimate is $157.12M
Earnings recap: During Q1, the stock beat top and bottom line estimates with customer deliveries of 360 vehicles. Provided a production volume outlook for 2022 remains on track at 12,000 to 14,000 vehicles.
And the company earned skeptical review from Morgan Stanley
Among recent news: Lucid, Rivian showers CEOs with $400M in 2021 pay packages; Lucid Group moves ahead with production plans in Saudi Arabia; Lucid Group opens first Pacific Northwest location
Contributor articles: Hold rating that says: Lithium demand will be fueled not only by increasing EV penetration, but also by the growing unreliability of the electric grid; a Strong Buy rating with Lucid likely added 4-5 thousand new orders to its reservations since May; another Hold rating that says: 'Lucid is well capitalized to weather the EV winter.'
Wall Street analysts give the stock a Buy rating, with an average PT of $29.2.
SA authors give the stock a Hold rating and a 3.25 score.
Stock has a Quant rating of Hold and lowest factor grades given to Valuation and Profitability.
Over the last 3 months, EPS estimates have seen 1 upward revision and 3 downward. Revenue estimates have seen 2 upward revisions and 1 downward.
See what ratings against the peers look like.

YTD performances of peers and broader market: