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Rivian Automotive (RIVN) Stock Declines While Market Improves: Some Information for Investors
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Rivian Automotive (RIVN - Free Report) closed at $14.38 in the latest trading session, marking a -2.04% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.49%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.72%.
The stock of a manufacturer of motor vehicles and passenger cars has risen by 21.12% in the past month, leading the Auto-Tires-Trucks sector's gain of 15.15% and the S&P 500's gain of 2.99%.
Investors will be eagerly watching for the performance of Rivian Automotive in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.73, indicating a 29.13% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.47 billion, up 68.08% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.73 per share and revenue of $5.3 billion. These totals would mark changes of +32.43% and +6.59%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Rivian Automotive. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Rivian Automotive possesses a Zacks Rank of #4 (Sell).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 163, placing it within the bottom 35% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Rivian Automotive (RIVN) Stock Declines While Market Improves: Some Information for Investors
Rivian Automotive (RIVN - Free Report) closed at $14.38 in the latest trading session, marking a -2.04% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.49%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.72%.
The stock of a manufacturer of motor vehicles and passenger cars has risen by 21.12% in the past month, leading the Auto-Tires-Trucks sector's gain of 15.15% and the S&P 500's gain of 2.99%.
Investors will be eagerly watching for the performance of Rivian Automotive in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.73, indicating a 29.13% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.47 billion, up 68.08% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.73 per share and revenue of $5.3 billion. These totals would mark changes of +32.43% and +6.59%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Rivian Automotive. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Rivian Automotive possesses a Zacks Rank of #4 (Sell).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 163, placing it within the bottom 35% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.