Company Performance - Rivian Automotive (RIVN) closed at $12.36, reflecting a +1.39% increase compared to the previous day, outperforming the S&P 500's daily gain of 0.16% [1] - Over the past month, Rivian's stock has risen by 1.92%, contrasting with the Auto-Tires-Trucks sector's loss of 8.54% and the S&P 500's loss of 3.59% [1] Upcoming Earnings - Rivian is expected to report an EPS of -$0.80, which represents a 32.77% increase compared to the same quarter last year [2] - Revenue is anticipated to be $998.66 million, indicating a 17.05% decline compared to the year-ago quarter [2] Full Year Estimates - For the full year, analysts project earnings of -$2.87 per share and revenue of $5.46 billion, reflecting changes of +28.96% and +9.8% respectively from the previous year [3] Analyst Projections - Recent shifts in analyst projections for Rivian are crucial as they reflect evolving short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [4] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Rivian currently holds a Zacks Rank of 4 (Sell) [6] - Over the last 30 days, the Zacks Consensus EPS estimate for Rivian has decreased by 2.41% [6] Industry Context - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 210, placing it in the bottom 17% 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]
Rivian Automotive (RIVN) Exceeds Market Returns: Some Facts to Consider