Posted 2/20/2024, 8:14:03 AM
Rivian to Report Q4 Earnings Amid EV Headwinds and Price Cut Concerns
- Rivian will report Q4 2023 financial results on February 21, after market close
- Expected to post revenue of $1.28 billion, up 93% year-over-year, and a smaller per share loss of $1.34
- Analysts concerned about overall slowdown in EV adoption and impact of Rivian's price cuts on financials
- Barclays analyst downgraded stock to Hold with $16 price target due to concerns on path to profitability
- Rivian stock has a Moderate Buy consensus rating; focus on production, costs, and commercial van orders seen as long-term positives