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Rivian Automotive (RIVN) Surpasses Market Returns: Some Facts Worth Knowing
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Rivian Automotive (RIVN - Free Report) closed the most recent trading day at $17.50, moving +1.1% from the previous trading session. This change outpaced the S&P 500's 0.38% gain on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.9%.
Shares of the a manufacturer of motor vehicles and passenger cars have appreciated by 3.78% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 2.49%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Rivian Automotive in its upcoming release. The company plans to announce its earnings on July 30, 2026. The company is expected to report EPS of -$0.67, up 16.25% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.55 billion, indicating a 18.73% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$2.38 per share and revenue of $7.1 billion, which would represent changes of +2.86% and +31.74%, respectively, from the prior year.
Any recent changes to analyst estimates for Rivian Automotive should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, 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 a 0.7% increase. As of now, Rivian Automotive holds a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Image: Bigstock
Rivian Automotive (RIVN) Surpasses Market Returns: Some Facts Worth Knowing
Rivian Automotive (RIVN - Free Report) closed the most recent trading day at $17.50, moving +1.1% from the previous trading session. This change outpaced the S&P 500's 0.38% gain on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.9%.
Shares of the a manufacturer of motor vehicles and passenger cars have appreciated by 3.78% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 2.49%, and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Rivian Automotive in its upcoming release. The company plans to announce its earnings on July 30, 2026. The company is expected to report EPS of -$0.67, up 16.25% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.55 billion, indicating a 18.73% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$2.38 per share and revenue of $7.1 billion, which would represent changes of +2.86% and +31.74%, respectively, from the prior year.
Any recent changes to analyst estimates for Rivian Automotive should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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, 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 a 0.7% increase. As of now, Rivian Automotive holds a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.