Rivian Q2 2024 Earnings Preview
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Contributor since / Followers
Contributor since / Followers
3 months ago
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- Rivian (NASDAQ:RIVN) is scheduled to announce Q2 earnings results on Tuesday, August 6th, after market close.
- The consensus EPS Estimate is -$1.19 (-10.2% Y/Y) and the consensus Revenue Estimate is $1.15B (+2.7% Y/Y).
- Over the last 2 years, RIVN has beaten EPS estimates 63% of the time and has beaten revenue estimates 50% of the time.
- Over the last 3 months, EPS estimates have seen 4 upward revisions and 12 downward. Revenue estimates have seen 12 upward revisions and 5 downward.
- SA contributor Noah’s Arc Capital Management believes, “Volkswagen’s investment in Rivian is set to transform Rivian’s business lines and execution capabilities, with a focus on electric vehicle architecture.”
- “The partnership between Rivian and Volkswagen presents a unique opportunity for revenue generation through software integration, potentially leading to significant upside potential for Rivian’s stock.”