Rocket Lab Corporation (RKLB) closed the most recent trading day at $48.08, moving +1.77% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.1%. At the same time, the Dow added 0.57%, and the tech-heavy Nasdaq lost 0.33%.
Shares of the company have appreciated by 15.46% over the course of the past month, outperforming the Aerospace sector's gain of 3.25%, and the S&P 500's gain of 2.57%.
The upcoming earnings release of Rocket Lab Corporation will be of great interest to investors. In that report, analysts expect Rocket Lab Corporation to post earnings of -$0.06 per share. This would mark year-over-year growth of 40%. Meanwhile, our latest consensus estimate is calling for revenue of $151.32 million, up 44.37% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$0.25 per share and a revenue of $587.37 million, demonstrating changes of +34.21% and +34.65%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Rocket Lab Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Rocket Lab Corporation is currently sporting a Zacks Rank of #3 (Hold).
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 63, this industry ranks in the top 26% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Rocket Lab Corporation (RKLB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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