Rivian Stock Outpaces Broader Market as Q4 Earnings Report Nears
• Rivian Automotive (RIVN) stock closed 1.17% higher today, outpacing the S&P 500’s 0.96% gain
• RIVN stock has declined 13.69% over the past month compared to a 3.69% rise in the S&P 500
• Analysts expect Rivian to post a smaller loss of $1.39 per share in its upcoming Q4 earnings report on February 21, 2024
• Revenue is projected to jump 94.13% year-over-year to $1.29 billion in Q4
• Rivian currently has a Zacks Rank of #3 (Hold), indicating expectations of in-line performance relative to the market over the next 1 to 3 months