Posted 4/9/2024, 9:50:19 PM
Rivian Stock Rises 1.8% But Continues Monthly Slide Despite Expected Revenue and Earnings Growth
- Rivian Automotive (RIVN) stock rose 1.82% on the last trading day, outpacing broader market gains
- RIVN stock has fallen 17.73% over the past month, underperforming its sector
- Rivian is expected to report a Q1 2024 EPS of -$1.13 on $1.1B revenue, reflecting significant growth
- Full-year consensus forecasts call for an EPS of -$3.95 on $4.73B revenue, also marking growth
- Rivian currently holds a Zacks Rank #3 (Hold), with the Automotive - Domestic industry ranked in the top 37%