Rivian Automotive (RIVN) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - Rivian Automotive (RIVN) closed at $13.74, with a daily increase of +1.03%, outperforming the S&P 500's gain of 0.52% [1] - The stock has decreased by 6.4% over the past month, underperforming the Auto-Tires-Trucks sector's loss of 6.69% and the S&P 500's gain of 4.27% [1] Earnings Expectations - Analysts expect Rivian to report earnings of -$0.65 per share, reflecting a year-over-year growth of 46.28% [2] - The Zacks Consensus Estimate projects revenue of $1.29 billion, an increase of 11.22% from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of -$2.49 per share and revenue of $5.25 billion, indicating year-over-year changes of +38.37% and +5.66%, respectively [3] Analyst Sentiment - Recent changes to analyst estimates for Rivian Automotive are important as they reflect near-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which considers estimate changes, provides a rating system for investors, with Rivian currently holding a Zacks Rank of 3 (Hold) [5][6] Industry Context - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 212, placing it in the bottom 14% 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]