Rocket Lab Corporation (RKLB) ended the recent trading session at $60.57, demonstrating a -7.39% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.53%. Meanwhile, the Dow experienced a drop of 0.71%, and the technology-dominated Nasdaq saw a decrease of 0.93%.
The company's shares have seen an increase of 23.61% over the last month, surpassing the Aerospace sector's gain of 2.66% and the S&P 500's gain of 1.13%.
Investors will be eagerly watching for the performance of Rocket Lab Corporation in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.05, marking a 50% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $149.82 million, showing a 42.94% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.24 per share and revenue of $591.44 million. These totals would mark changes of +36.84% and +35.59%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rocket Lab Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 6.02% rise in the Zacks Consensus EPS estimate. Right now, Rocket Lab Corporation possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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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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