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Rivian (RIVN) Q4 Earnings: What To Expect

RIVN Cover Image

Electric vehicle manufacturer Rivian (NASDAQ: RIVN) will be reporting earnings this Thursday after market hours. Here’s what you need to know.

Rivian beat analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $1.56 billion, up 78.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ revenue estimates.

Is Rivian a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Rivian’s revenue to decline 26.3% year on year to $1.28 billion, a reversal from the 31.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.67 per share.

Rivian Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rivian has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Rivian’s peers in the automobile manufacturing segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Ford’s revenues decreased 4.8% year on year, beating analysts’ expectations by 3.6%, and General Motors reported a revenue decline of 5.1%, falling short of estimates by 1.1%. General Motors traded up 6.9% following the results.

Read our full analysis of Ford’s results here and General Motors’s results here.

There has been positive sentiment among investors in the automobile manufacturing segment, with share prices up 8.6% on average over the last month. Rivian is down 21.4% during the same time and is heading into earnings with an average analyst price target of $16.96 (compared to the current share price of $15.06).

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