Rivian Q4 Earnings Preview: EV Market Jitters, R2 Debut Looms
Electric vehicle company Rivian Automotive Inc (NASDAQ:RIVN) reports fourth-quarter financial results after market close on Wednesday, Feb. 21, 2024.
Here’s a look at the key earnings estimates, what analysts are saying and key items for investors to watch.
Earnings Estimates: Analysts expect Rivian to report fourth-quarter revenue of $1.262 billion according to data from Benzinga Pro. The revenue would be up significantly from last year’s fourth-quarter total of $663.0 million.
The company reported revenue of $1.337 billion in the most recent third quarter. Rivian has beaten analysts’ estimates for revenue in three straight quarters and four out of the last six quarters.
Analysts expect Rivian to report a loss of $1.32 per share in the fourth quarter, which would be an improvement on a loss of $1.73 per share in the year-ago period. Rivian has beaten earnings per share estimates in seven straight quarters.
The company reported fourth-quarter production and delivery figures earlier this year. Rivian produced 17,541 vehicles in the fourth quarter and delivered 13,972 vehicles in the quarter.
For fiscal 2023, Rivian produced 57,232 vehicles and had 50,122 vehicles delivered.
Related Link: Rivian Stock Upshifts On Strong Q3 Earnings: EPS Beat, Revenue Beat, Increased Production Guidance And More
What Analysts …
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