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Why Rocket Lab USA, Inc. (RKLB) Outpaced the Stock Market Today
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In the latest trading session, Rocket Lab USA, Inc. (RKLB - Free Report) closed at $8.69, marking a +0.81% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.4% for the day. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.6%.
The the stock of company has risen by 41.54% in the past month, leading the Aerospace sector's gain of 1.49% and the S&P 500's gain of 1.71%.
The investment community will be paying close attention to the earnings performance of Rocket Lab USA, Inc. in its upcoming release. On that day, Rocket Lab USA, Inc. is projected to report earnings of -$0.11 per share, which would represent a year-over-year decline of 37.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $102.74 million, up 51.85% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.39 per share and revenue of $422.7 million, indicating changes of -2.63% and +72.82%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rocket Lab USA, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.25% higher. Currently, Rocket Lab USA, Inc. is carrying a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 33, finds itself in the top 14% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why Rocket Lab USA, Inc. (RKLB) Outpaced the Stock Market Today
In the latest trading session, Rocket Lab USA, Inc. (RKLB - Free Report) closed at $8.69, marking a +0.81% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.4% for the day. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.6%.
The the stock of company has risen by 41.54% in the past month, leading the Aerospace sector's gain of 1.49% and the S&P 500's gain of 1.71%.
The investment community will be paying close attention to the earnings performance of Rocket Lab USA, Inc. in its upcoming release. On that day, Rocket Lab USA, Inc. is projected to report earnings of -$0.11 per share, which would represent a year-over-year decline of 37.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $102.74 million, up 51.85% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.39 per share and revenue of $422.7 million, indicating changes of -2.63% and +72.82%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rocket Lab USA, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.25% higher. Currently, Rocket Lab USA, Inc. is carrying a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 33, finds itself in the top 14% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.