In the latest market close, Rocket Lab USA, Inc. (RKLB) reached $11.18, with a -0.09% movement compared to the previous day. The stock’s performance was behind the S&P 500’s daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.
Shares of the company witnessed a gain of 28.77% over the previous month, beating the performance of the Aerospace sector with its loss of 5% and the S&P 500’s gain of 1.39%.
Investors will be eagerly watching for the performance of Rocket Lab USA, Inc. in its upcoming earnings disclosure. The company’s earnings report is set to be unveiled on November 12, 2024. The company is expected to report EPS of -$0.11, down 37.5% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $102.74 million, showing a 51.85% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.39 per share and revenue of $422.7 million. These totals would mark changes of -2.63% and +72.82%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Rocket Lab USA, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts’ positivity towards the company’s business operations and its ability to generate profits.
Our research demonstrates that these adjustments in…
