Lucid Group Faces 7.3% EPS Estimate Cut and Lands on Strong Sell List
Lucid Group’s current-year earnings estimate has been cut by 7.3% over the past 60 days, prompting its addition to the Zacks Rank #5 (Strong Sell) list. Lucid shares fell 1.53% on the day of the designation, signaling market concern over its revised profit outlook.
1. Zacks Strong Sell Assignment and EPS Revision
Lucid Group was added to the Zacks Rank #5 (Strong Sell) list following a 7.3% downward revision in its current-year earnings estimate over the last 60 days. The company’s shares declined 1.53% on the announcement day, reflecting investor concern about diminished profit projections and heightened downside risk for the electric vehicle maker.
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