Investors should prepare for a significant stock movement after Lucid’s earnings report
- Lucid is expected to report a per-share loss of 30 cents from sales of about $180 million
- Revenues are down with volumes, with Lucid delivering 1,734 units in the fourth quarter
- The average price per car is expected to decline to about $93,000
- Lucid delivered 6,001 units in 2023 and is expected to deliver about 12,000 units in 2024
- Wall Street projects a use of cash of about $1 billion for the fourth quarter and $3.2 billion for 2024
- Options markets imply the stock will move about 17% following earnings
- Lucid stock is down about 62% over the past 12 months
Lucid is set to report its earnings, and investors should be prepared for potential stock volatility. According to FactSet, Lucid is expected to report a per-share loss of 30 cents from sales of about $180 million, compared to a 28-cent loss from sales of about $256 million a year ago. Revenues have also declined, with Lucid delivering 1,734 units in the fourth quarter, down from 1,932 units in the same period last year. The average price per car is expected to decrease to about $93,000, down from almost $150,000. However, there is some positive news as well, with Lucid delivering 6,001 units in 2023 and an expected delivery of about 12,000 units in 2024. Wall Street projects a use of cash of about $1 billion for the fourth quarter and $3.2 billion for 2024. Options markets imply that the stock will move about 17% following the earnings report. It’s important to note that Lucid stock has experienced significant decline, down about 62% over the past 12 months.
Factuality Level: 3
Factuality Justification: The article provides specific details about Lucid’s earnings and projections, but it lacks context and analysis. It focuses heavily on financial figures without delving into the reasons behind the performance or the broader industry trends. The article also contains some repetitive information and does not provide a balanced view of the situation.
Noise Level: 2
Noise Justification: The article provides specific information about Lucid’s earnings, deliveries, pricing, and projections. It includes data from FactSet and Wall Street expectations, giving a clear picture of the company’s performance. The article stays on topic and does not contain irrelevant information. However, it lacks in-depth analysis, antifragility considerations, and accountability aspects.
Financial Relevance: Yes
Financial Markets Impacted: Lucid Motors
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses Lucid Motors’ upcoming earnings report and provides information on their financial performance and expectations. It does not mention any extreme events or their impact.
Public Companies: Lucid (Not available)
Key People: Patrick T. Fallon (Not available)
Reported publicly:
www.marketwatch.com 
