Lucid Group Past Earnings Performance
Past criteria checks 0/6
Lucid Group's earnings have been declining at an average annual rate of -7.8%, while the Auto industry saw earnings growing at 18% annually. Revenues have been growing at an average rate of 59.8% per year.
Key information
-7.8%
Earnings growth rate
76.5%
EPS growth rate
| Auto Industry Growth | 23.9% |
| Revenue growth rate | 59.8% |
| Return on equity | -79.3% |
| Net Margin | -421.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Lucid Group: New 52-Week Lows - What Now?
Nov 21Lucid: Another Chance To Sell
Nov 08The Price Is Right For Lucid Group, Inc. (NASDAQ:LCID) Even After Diving 29%
Oct 18
Lucid: It's Now Or Never
Oct 15Lucid Group: Continued Liquidity Dip Sets Up Precarious Drive For This EV Upstart
Sep 30Lucid: Likely Dead Money
Aug 24The Price Is Right For Lucid Group, Inc. (NASDAQ:LCID) Even After Diving 32%
Aug 13Lucid: Saudi Arabia To The Rescue (Rating Upgrade)
Aug 13Lucid: Another Large Capital Raise
Aug 06Lucid Group: Not A Lucid Investment For Saudi Arabia's PIF
Jul 31Lucid: Finally Some Growth
Jul 09Health Check: How Prudently Does Lucid Group (NASDAQ:LCID) Use Debt?
Jul 04Lucid Group: Use The Rivian-Volkswagen News To Cut More
Jun 27Lucid: The Knives Keep Falling
Jun 19Lucid: This Downgrade Breaks My Heart
May 13Lucid Q1: Another New Low Possible
May 07Lucid: Business Strategy, Profitability, Prospects, All Falling Out Of Place
Apr 29Lucid: The Painful EV Consolidation Is Here, Will It Be Next?
Mar 26Lucid Group: Saudi Arabia Is Dedicated Despite The Risks
Mar 19Lucid: Why Hope Isn't An Investment Strategy
Mar 05Lucid Group, Inc. (NASDAQ:LCID) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Mar 01Lucid Motors: It Is Not Going To Get Better In 2024
Feb 27The Lucid Group, Inc. (NASDAQ:LCID) Analysts Have Been Trimming Their Sales Forecasts
Feb 27What Will It Take For Lucid To Turn Around?
Feb 20Lucid Stock Still Has Room To Tank
Feb 10Lucid Group: Negatives Outweigh Positives
Jan 19Lucid Group, Inc.'s (NASDAQ:LCID) Price Is Out Of Tune With Revenues
Nov 09Analysts Have Lowered Expectations For Lucid Group, Inc. (NASDAQ:LCID) After Its Latest Results
Aug 10Revenue & Expenses Breakdown
How Lucid Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 731 | -3,078 | 898 | 1,139 |
| 30 Jun 24 | 668 | -2,760 | 854 | 1,046 |
| 31 Mar 24 | 619 | -2,734 | 842 | 992 |
| 31 Dec 23 | 595 | -2,828 | 797 | 937 |
| 30 Sep 23 | 696 | -2,647 | 727 | 915 |
| 30 Jun 23 | 753 | -2,547 | 714 | 898 |
| 31 Mar 23 | 700 | -2,003 | 680 | 865 |
| 31 Dec 22 | 608 | -1,304 | 735 | 822 |
| 30 Sep 22 | 377 | -1,877 | 761 | 764 |
| 30 Jun 22 | 182 | -1,872 | 836 | 792 |
| 31 Mar 22 | 84 | -1,913 | 744 | 769 |
| 31 Dec 21 | 27 | -4,747 | 652 | 750 |
| 30 Sep 21 | 4 | -3,999 | 487 | 756 |
| 30 Jun 21 | 4 | -3,636 | 263 | 648 |
| 31 Mar 21 | 4 | -3,491 | 206 | 569 |
| 31 Dec 20 | 4 | -706 | 89 | 511 |
| 31 Dec 19 | 5 | -269 | 38 | 220 |
Quality Earnings: LCID is currently unprofitable.
Growing Profit Margin: LCID is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: LCID is unprofitable, and losses have increased over the past 5 years at a rate of 7.8% per year.
Accelerating Growth: Unable to compare LCID's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LCID is unprofitable, making it difficult to compare its past year earnings growth to the Auto industry (-9.7%).
Return on Equity
High ROE: LCID has a negative Return on Equity (-79.34%), as it is currently unprofitable.