What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. The inevitable result? Many investors will get rich as the metaverse evolves. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The metaverse is gaining steam every day. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom You can find more information on all of these metrics, and much more, on. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 30% of all 250+ industries. The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Lucid Group is holding a Zacks Rank of #4 (Sell) right now. Over the past month, the Zacks Consensus EPS estimate has moved 3.3% lower. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988.

To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

These revisions typically reflect the latest short-term business trends, which can change frequently.

Investors should also note any recent changes to analyst estimates for Lucid Group. Our most recent consensus estimate is calling for quarterly revenue of $222.13 million, up 128.2% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$1.46 per share and revenue of $791.21 million, which would represent changes of +7.01% and +30.09%, respectively, from the prior year. The company is expected to report EPS of -$0.38, down 15.15% from the prior-year quarter.

Wall Street will be looking for positivity from Lucid Group as it approaches its next earnings report date.

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