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Stock impact report

Rivian Automotive (RIVN) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
The stock's change was less than the S&P 500's daily loss of 0.76%. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 1.01%. The the stock of a manufacturer of motor vehicles and passenger cars has fallen by 21.59% in the past month, lagging the Auto-Tires-Trucks sector's loss of 4.32% and the S&P 500's gain of 4.31%. The investment community will be closely monitoring the performance of Rivian Automotive in its forthcoming earnings report. The company is scheduled to release its earnings on November 7, 2024. It is anticipated that the company will report an EPS of -$0.89, marking a 25.21% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1 billion, indicating a 25.18% decline compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates project earnings of -$4 per share and a revenue of $4.69 billion, Show less Read more
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