Rocket Lab (RKLB) Set to Announce Earnings: Key Insights Tomorrow
Aerospace and defense company Rocket Lab (RKLB) is scheduled to announce its earnings results tomorrow after market close. Investors and analysts are keenly anticipating this report, especially following the company’s recent performance.
Previous Earnings Performance
In the last quarter, Rocket Lab exceeded revenue expectations by 7%, reporting $144.5 million in revenues. This reflects a significant year-on-year growth of 36% and a strong performance in terms of adjusted operating income and EBITDA estimates.
Expectations for Upcoming Earnings
For this quarter, analysts predict a year-on-year revenue growth of 45%, projecting revenues to reach approximately $151.9 million. However, this is a decrease from the 54.9% increase recorded in the same quarter last year. Furthermore, an adjusted loss is estimated at -$0.06 per share.
Analyst Consensus
- Most analysts have reaffirmed their estimates over the past month.
- Historically, Rocket Lab has missed revenue estimates on two occasions in the previous two years.
Comparative Analysis with Peers
In the aerospace sector, several companies have already reported their Q3 outcomes, providing insight into Rocket Lab’s potential results. Howmet was able to deliver a 13.8% revenue growth, surpassing expectations by 2.3%. Meanwhile, Astronics reported a revenue increase of 3.8%, matching consensus estimates.
Market Reactions
- Howmet’s shares rose by 1.1% post-results.
- Astronics experienced a decline of 1.1% after their announcement.
Investor Sentiment
There has been a generally positive sentiment among investors in the aerospace sector. On average, share prices in the industry have risen by 2.2% over the last month. In contrast, Rocket Lab’s shares have dropped by 18.3% during the same period.
Future Price Expectations
Heading into this earnings release, the average analyst price target for Rocket Lab stands at $59.50, while the current share price is around $52.48. This indicates potential upside if the company meets or exceeds expectations in its upcoming report.
