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Here's Why Rivian Automotive (RIVN) Fell More Than Broader Market
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Rivian Automotive (RIVN - Free Report) closed the most recent trading day at $16.49, moving -18.12% from the previous trading session. This move lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.16%.
Shares of the a manufacturer of motor vehicles and passenger cars have appreciated by 19.6% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 5.02%, and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of Rivian Automotive in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2026. The company is forecasted to report an EPS of -$0.66, showcasing a 17.5% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.44 billion, up 10.34% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.41 per share and a revenue of $7.02 billion, indicating changes of +1.63% and +30.33%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Rivian Automotive. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Rivian Automotive is carrying a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
View the Zacks #1 Rank List
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Here's Why Rivian Automotive (RIVN) Fell More Than Broader Market
Rivian Automotive (RIVN - Free Report) closed the most recent trading day at $16.49, moving -18.12% from the previous trading session. This move lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.16%.
Shares of the a manufacturer of motor vehicles and passenger cars have appreciated by 19.6% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 5.02%, and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of Rivian Automotive in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2026. The company is forecasted to report an EPS of -$0.66, showcasing a 17.5% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.44 billion, up 10.34% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$2.41 per share and a revenue of $7.02 billion, indicating changes of +1.63% and +30.33%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Rivian Automotive. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Rivian Automotive is carrying a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.