The most recent trading session ended with Rocket Lab USA, Inc. (RKLB) standing at $10.81, reflecting a +1.22% shift from the previouse trading day’s closing. This change outpaced the S&P 500’s 0.4% gain on the day. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%.
Coming into today, shares of the company had gained 48.95% in the past month. In that same time, the Aerospace sector lost 1.22%, while the S&P 500 gained 3.76%.
The investment community will be paying close attention to the earnings performance of Rocket Lab USA, Inc. in its upcoming release. The company is slated to reveal its earnings on November 12, 2024. The company is expected to report EPS of -$0.11, down 37.5% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $102.74 million, indicating a 51.85% upward movement from the same quarter last year.
RKLB’s full-year Zacks Consensus Estimates are calling for earnings of -$0.39 per share and revenue of $422.7 million. These results would represent year-over-year changes of -2.63% and +72.82%, respectively.
It is also important to note the recent changes to analyst estimates for Rocket Lab USA, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts’ favorable outlook on the company’s business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with…
