Rivian (RIVN) is scheduled to announce Q4 earnings results on Thursday, February 12th, after market close.
Wall Street, on average, expects the American manufacturer of electric vehicles to post a quarterly EPS of -$0.67 on revenue of $1.27B (-26.6% Y/Y).
In the third quarter, RIVN posted bigger-than-expected loss, while revenue up 78% on strong sales and software growth.
UBS lowered its rating on Rivian Automotive on what the firm sees as an unfavorable risk-reward profile due to limited autonomous vehicle catalysts on the near-term horizon.
Most recently, Rivian announced that it is reportedly testing its new R2 SUV in frigid temperatures, ensuring that the electric vehicle can perform in sub-zero conditions before its anticipated launch in the first half of this year.
“Rivian is intensifying its focus on full-stack hardware and software solutions, autonomy, and robotics to drive future growth and margin expansion. Execution risks include negative unit economics, DOE loan conditions tied to profitability, and operational challenges with the R2 launch and recent recalls,” pointed out a recent Seeking Alpha analysis.
Over the last 2 years, RIVN has beaten EPS estimates 38% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 4 upward revisions and 4 downward. Revenue estimates have seen 4 upward revisions and 7 downward.
Since the start of the year, RIVN shares have fallen 25%, compared to the 1.4% rise in the broader S&P 500 index (SP500).
Both the Seeking Alpha’s Quant and the Wall Street analysts see the company as a Hold.
RIVN shares were down 1.4% on Wednesday.