Click to get this free reportĬarGurus, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. CARG surpassed earnings estimates in three of the trailing four quarters and missed on the other, with an average surprise of 10.56%. The Zacks Consensus Estimate for CarGurus’ to-be-reported quarter’s earnings and revenues is pegged at 9 cents per share and $279.28 million, respectively. The company has an Earnings ESP of +58.49% and a Zacks Rank #3. VRM surpassed earnings estimates in two of the trailing four quarters and missed in the rest, with an average surprise of 1.43%.ĬarGurus CARG will release fourth-quarter 2022 results on Feb 28. The Zacks Consensus Estimate for Vroom’s to-be-reported quarter’s loss and revenues is pegged at 60 cents per share and $256.73 million, respectively. The company has an Earnings ESP of +7.50% and a Zacks Rank #3. Vroom VRM will release fourth-quarter 2022 results on Feb 28. SHYF surpassed earnings estimates in all the trailing four quarters, with an average surprise of 16.11%. The Zacks Consensus Estimate for Shyft Group’s to-be-reported quarter’s earnings and revenues is pegged at 45 cents per share and $314.6 million, respectively. The company has an Earnings ESP of +2.98% and a Zacks Rank #3. The Shyft Group SHYF will release fourth-quarter 2022 results on Feb 23. Let’s take a look at some other players from the auto space that, according to our model, have the right combination of elements to post an earnings beat for the quarter to be reported: Story continues Other Stocks With the Favorable Combination Robust customer demand for Lucid Air is likely to have boosted fourth-quarter revenues. The efficiency factor has played in favor of Lucid, putting it steps ahead of its competition by lowering cost through less raw material usage per vehicle and subsequently reducing the cost of ownership for customers. Lucid Air Grand Touring has managed to achieve an exceptional efficiency of 4.6 miles/kWh. Notably, Lucid started deliveries of Lucid Air Touring and Lucid Air Pure in the fourth quarter. The increased deliveries are likely to aid upcoming results. The company delivered 1,932 vehicles in the fourth quarter, up from 1,398 in the third quarter. Factors to Noteĭuring the fourth quarter, LCID produced 3,493 vehicles, up from 2,282 in the third quarter, to exceed its full-year guidance of producing 6,000-7,000 vehicles. You can see the complete list of today’s Zacks #1 Rank stocks here. Zacks Rank: LCID currently carries a Zacks Rank of #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. This is because the Most Accurate Estimate of loss is pegged 2 cents narrower than the Zacks Consensus Estimate. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.Įarnings ESP: Lucid has an Earnings ESP of +3.90%. Our proven model predicts earnings beat for Lucid. Let’s take a look at how things are shaping up ahead of its fourth-quarter earnings release. This is depicted in the graph below: Lucid Group, Inc. Over the trailing four quarters, Lucid has surpassed earnings estimates on two out of four occasions and missed in the rest, with the average surprise being 11.2%. In the last reported quarter, it posted a net loss per share of 40 cents, wider than the Zacks Consensus Estimate of 33 cents per share. This electric vehicle company made its NASDAQ debut on Jul 26, 2021. The Zacks Consensus Estimate for its quarterly revenues suggests a year-over-year increase of 998.14%. Lucid’s bottom line estimates imply a decline of 5.41% from the year-ago reported number. The consensus mark for Lucid’s fourth-quarter loss per share narrowed by 3 cents in the past 60 days. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at a loss of 39 cents per share and $290 million, respectively. Lucid Group LCID is scheduled to release fourth-quarter 2022 results on Feb 22, after the closing bell.
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