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Stock impact report

Rivian Q1 Earnings Preview: Analyst Estimates, R2 Update, Key Production Focus Areas [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Here are the earnings estimates, what analysts are saying and key items to watch. Earnings Estimates : Analysts expect Rivian to report first-quarter revenue of $1.16 billion, according to data from Benzinga Pro. The company reported revenue of $661.0 million in last year's quarter. Rivian has beaten estimates from analysts for revenue in seven of the last 10 quarters. A miss in the fourth quarter was the first miss on the analysts' estimate for revenue by Rivian in eight quarters. Analysts expect Rivian to report a loss of $1.17 per share in the first quarter, compared to a loss of $1.25 in last year's first quarter. What Analysts Are Saying: A question on demand for electric vehicles saw Needham analyst Chris Pierce lower the price target from $18 to $13 on Rivian in April. The analyst, who has a Buy rating on Rivian, said demand for the R1S is better than feared, but long-term demand remains a key question. "R1S used vehicle pricing came in better than feared in our us Show less Read more
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