Rivian Automotive (RIVN) Advances But Underperforms Market: Key Facts

Group 1 - Rivian Automotive's stock closed at $10.76, with a daily increase of 1.41%, underperforming the S&P 500's gain of 2.13% [1] - The stock has decreased by 20.23% over the past month, which is slightly better than the Auto-Tires-Trucks sector's decline of 20.63% and worse than the S&P 500's loss of 9.57% [1] Group 2 - Rivian is expected to report earnings of -$ 0.80 per share, reflecting a year-over-year growth of 32.77%, while revenue is projected at $1.01 billion, a decrease of 16.47% compared to the same quarter last year [2] - For the entire year, the forecasted earnings are -$ 2.87 per share and revenue of $5.45 billion, indicating year-over-year changes of +28.96% and +9.61%, respectively [3] Group 3 - Recent changes in analyst estimates for Rivian Automotive are crucial for investors, as upward revisions indicate positive sentiment regarding the company's business operations [4] - The Zacks Rank system, which includes estimate changes, currently ranks Rivian at 4 (Sell), with a 15.08% decrease in the consensus EPS estimate over the last 30 days [6] Group 4 - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 160, placing it in the bottom 37% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]