Rivian Automotive (RIVN) Flat As Market Sinks: What You Should Know

Rivian Automotive (RIVN) closed at $11.21 in the latest trading session, marking no change from the prior day. The stock's change was more than the S&P 500's daily loss of 0.23%. Meanwhile, the Dow experienced a drop of 0.91%, and the technology-dominated Nasdaq saw an increase of 0.1%.Shares of the a manufacturer of motor vehicles and passenger cars have appreciated by 0.36% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 11.31% and the S&P 500's loss of 12.13%.Market participants will be closely following the financial results of Rivian Automotive in its upcoming release. The company plans to announce its earnings on May 6, 2025. It is anticipated that the company will report an EPS of -$0.80, marking a 32.77% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $998.66 million, down 17.05% from the prior-year quarter.For the annual period, the Zacks Consensus Estimates anticipate earnings of -$2.87 per share and a revenue of $5.46 billion, signifying shifts of +28.96% and +9.93%, respectively, from the last year.It's also important for investors to be aware of any recent modifications to analyst estimates for Rivian Automotive. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.9% rise in the Zacks Consensus EPS estimate. As of now, Rivian Automotive holds a Zacks Rank of #4 (Sell).The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 25% of all 250+ industries.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.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rivian Automotive, Inc. (RIVN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks