Rivian Automotive (RIVN) ended the latest trading session at $13.76, showing an increase of +0.73% compared to the prior day. This outperformed the S&P 500’s daily rise of 0.63%. Meanwhile, the Dow rose by 0.21%, whereas the technology-focused Nasdaq climbed by 1.52%.
As of today, stocks from a vehicle manufacturing company have risen by 9.37% over the last month. During this period, the broader Auto-Tires-Trucks sector has increased by 5.27%, whereas the S&P 500 index declined by 0.7%.
Investors are eagerly awaiting Rivian Automotive’s forthcoming earnings announcement. The firm plans to publish its financials on May 6, 2025. According to experts, they anticipate reporting losses at a rate of -$0.80 per share, indicating a yearly increase of approximately 32.77%. Additionally, the Zacks Consensus Estimate suggests projected revenues totaling $1.02 billion, which represents a decline of about 15.12% compared to last year's figures.
For the entire year, the Zacks Consensus Estimates predict earnings of -$2.87 per share and revenues totaling $5.46 billion. This represents respective increases of 28.96% and 9.78% compared to the previous year’s figures.
Investors should keep an eye on any new modifications made by analysts regarding their forecasts for Rivian Automotive. Such updates frequently align with the changing trends in near-term operational activities. Consequently, upward revisions in these projections typically indicate analysts' growing confidence in the firm’s prospects and financial performance.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks ranking system ranges from #1 (Strong Buy) to #5 (Strong Sell) and has demonstrated remarkable success, verified independently, with #1-ranked stocks providing an average yearly return of approximately +25% since 1988. In the last thirty days, our collective earnings per share forecast has decreased by 0.45%. Currently, Rivian Automotive holds a Zacks rank of #4 (Sell).
Currently, the Domestic automotive industry falls under the Auto-Tires-Trucks sector. It holds a Zacks Industry Rank of 194 at this time, which places it among the lowest 22% out of more than 250 industries.
Zacks Industry Rank assesses the strength of our specific industry sectors by calculating the mean Zacks Rank of the component stocks within these groups. According to our findings, industries ranked in the top 50% tend to perform twice as well compared to those in the lower half.
Make certain to utilize romero.my.id for tracking all these stock-affecting metrics, along with others, during the upcoming trading sessions.
The article was initially published on Zacks Investment Research (romero.my.id).
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