We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rivian Automotive (RIVN) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
The most recent trading session ended with Rivian Automotive (RIVN - Free Report) standing at $8.74, reflecting a +0.34% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.58%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 1.15%.
The the stock of a manufacturer of motor vehicles and passenger cars has fallen by 22.65% in the past month, lagging the Auto-Tires-Trucks sector's loss of 3.4% and the S&P 500's loss of 1.09%.
The investment community will be paying close attention to the earnings performance of Rivian Automotive in its upcoming release. The company is slated to reveal its earnings on May 7, 2024. The company is expected to report EPS of -$1.13, up 9.6% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.1 billion, up 66.59% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$3.94 per share and a revenue of $4.73 billion, demonstrating changes of +19.26% and +6.71%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Rivian Automotive. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.1% downward. Right now, Rivian Automotive possesses a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rivian Automotive (RIVN) Rises As Market Takes a Dip: Key Facts
The most recent trading session ended with Rivian Automotive (RIVN - Free Report) standing at $8.74, reflecting a +0.34% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.58%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 1.15%.
The the stock of a manufacturer of motor vehicles and passenger cars has fallen by 22.65% in the past month, lagging the Auto-Tires-Trucks sector's loss of 3.4% and the S&P 500's loss of 1.09%.
The investment community will be paying close attention to the earnings performance of Rivian Automotive in its upcoming release. The company is slated to reveal its earnings on May 7, 2024. The company is expected to report EPS of -$1.13, up 9.6% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.1 billion, up 66.59% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$3.94 per share and a revenue of $4.73 billion, demonstrating changes of +19.26% and +6.71%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Rivian Automotive. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.1% downward. Right now, Rivian Automotive possesses a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.