We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Rocket Lab Corporation (RKLB) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
Rocket Lab Corporation (RKLB - Free Report) closed at $72.22 in the latest trading session, marking a +2.27% move from the prior day. This change outpaced the S&P 500's 1.18% gain on the day. Meanwhile, the Dow gained 0.66%, and the Nasdaq, a tech-heavy index, added 1.96%.
The stock of company has fallen by 0.97% in the past month, lagging the Aerospace sector's gain of 0.99% and the S&P 500's gain of 3.93%.
The upcoming earnings release of Rocket Lab Corporation will be of great interest to investors. In that report, analysts expect Rocket Lab Corporation to post earnings of -$0.04 per share. This would mark year-over-year growth of 66.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $191.41 million, indicating a 56.16% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.1 per share and a revenue of $854.32 million, representing changes of +62.96% and +41.96%, respectively, from the prior year.
Any recent changes to analyst estimates for Rocket Lab Corporation should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 4.48% fall in the Zacks Consensus EPS estimate. Right now, Rocket Lab Corporation possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 142, placing it within the bottom 42% 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.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Rocket Lab Corporation (RKLB) Exceeds Market Returns: Some Facts to Consider
Rocket Lab Corporation (RKLB - Free Report) closed at $72.22 in the latest trading session, marking a +2.27% move from the prior day. This change outpaced the S&P 500's 1.18% gain on the day. Meanwhile, the Dow gained 0.66%, and the Nasdaq, a tech-heavy index, added 1.96%.
The stock of company has fallen by 0.97% in the past month, lagging the Aerospace sector's gain of 0.99% and the S&P 500's gain of 3.93%.
The upcoming earnings release of Rocket Lab Corporation will be of great interest to investors. In that report, analysts expect Rocket Lab Corporation to post earnings of -$0.04 per share. This would mark year-over-year growth of 66.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $191.41 million, indicating a 56.16% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.1 per share and a revenue of $854.32 million, representing changes of +62.96% and +41.96%, respectively, from the prior year.
Any recent changes to analyst estimates for Rocket Lab Corporation should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 4.48% fall in the Zacks Consensus EPS estimate. Right now, Rocket Lab Corporation possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 142, placing it within the bottom 42% 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.