Lucid Group's Q4 Loss Narrower Than Expected, Revenues Rise Y/Y

Lucid Group LCID reported a fourth-quarter 2024 loss of 22 cents per share, narrower than the Zacks Consensus Estimate of a loss of 26 cents as well as the year-ago period’s loss of 29 cents. Revenues of $234.5 million beat the Zacks Consensus Estimate of $225 million and increased 49% on a year-over-year basis, primarily driven by strong vehicle deliveries and favorable impacts related to a net supply recovery.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Lucid Group, Inc. Price, Consensus and EPS Surprise Lucid Group, Inc. price-consensus-eps-surprise-chart | Lucid Group, Inc. QuoteKey Q4 HighlightsLucid recorded a total production of 3,386 units. The company reported total Lucid Air customer deliveries of 3,099 units in the quarter under discussion, up from 1,734 units in the year-ago quarter.Total gross loss amounted to $208.8 million, as against a gross loss of $252.9 million in the prior-year quarter. The gross margin for the reported quarter was negative 89%, compared to a negative 161% in the year-ago quarter.Total operating expenses amounted to $524.2 million, up from $484 million in the prior-year quarter. Research and development expenses were $280.3 million in the reported quarter compared to $243 million in the fourth quarter of 2023. Selling, general and administrative expenses amounted to $243.9 million, up from $241 in the year-ago quarter.The company’s adjusted EBITDA was a negative $577 million, marking an improvement from the $605 million recorded in the fourth quarter of 2023.Net cash used in operating activities in the reported quarter was $533.1 million, up from $474.6 million in the year-ago quarter. Capital expenditures for the fourth quarter were $291.6 million compared to $272.6 million for the same period last year. Free cash flow in the fourth quarter was a negative $824.8 million.Financial PositionLucid had $1.61 billion in cash and cash equivalents as of Dec. 31, 2024, compared to $1.37 billion as of Dec. 31, 2023. Long-term debt was $2 billion as of Dec. 31, 2024, compared to $1.99 billion as of Dec. 31, 2024.2025 GuidanceIn 2025, LCID expects to produce approximately 20,000 vehicles. Capital expenditures are expected to be approximately $1.4 billion. The company expects sufficient liquidity into the second half of 2026. It has scheduled the midsize platform start of production for late 2026.Zacks Rank and Key PicksLCID currently has a Zacks Rank #4 (Sell).Some better-ranked stocks in the auto space are Dana DAN, General Motors GM and Custom Truck One Source CTOS. While DAN sports a Zacks Rank #1 (Strong Buy) at present, GM and CTOS carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for DAN’s 2025 earnings has moved north 15.4% over the past 30 days and suggests year-over-year growth of 59.57%. It is currently pegged at $1.50 per share.The Zacks Consensus Estimate for GM’s 2025 earnings has moved up 6.5% over the past 30 days and suggests year-over-year growth of 8.02%. It is currently pegged at $11.45 per share.The Zacks Consensus Estimate for CTOS’ 2025 loss has remained steady at 5 cents per share over the past 90 days and suggests year-over-year growth of 75.05%.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report Custom Truck One Source, Inc. (CTOS): Free Stock Analysis Report Lucid Group, Inc. (LCID): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks