Rivian (NASDAQ:RIVN) Expected to Announce Quarterly Sales of $55.55 Million

[kanundrum]

https://www.marketbeat.com/instant-alerts/nasdaq-rivn-consensus-analyst-rating-2022-01-2-3/


Brokerages predict that Rivian (NASDAQ:RIVN) will announce $55.55 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Rivian's earnings. The highest sales estimate is $80.75 million and the lowest is $38.00 million. The firm is scheduled to report its next earnings report on Thursday, March 17th.

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On average, analysts expect that Rivian will report full year sales of $52.75 million for the current fiscal year, with estimates ranging from $39.00 million to $81.75 million. For the next year, analysts anticipate that the business will post sales of $3.06 billion, with estimates ranging from $2.11 billion to $3.45 billion. Zacks' sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Rivian.

Rivian (NASDAQ:RIVN) last posted its quarterly earnings data on Wednesday, December 15th. The electric vehicle automaker reported -7.68 earnings per share for the quarter, topping analysts' consensus estimates of -11.92 by 4.24. The company had revenue of 1.00 million for the quarter, compared to analysts' expectations of 1.03 million.

Several equities research analysts have recently weighed in on RIVN shares. Redburn Partners started coverage on shares of Rivian in a research note on Tuesday, January 11th. They set a "buy" rating for the company. Royal Bank of Canada started coverage on shares of Rivian in a research note on Monday, December 6th. They set an "outperform" rating and a $165.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Rivian in a research note on Sunday, December 5th. They set a "buy" rating and a $130.00 target price for the company. Wedbush started coverage on shares of Rivian in a report on Sunday, December 5th. They set an "outperform" rating and a $130.00 price target for the company. Finally, Wells Fargo & Company started coverage on shares of Rivian in a report on Monday, December 6th. They set an "equal weight" rating and a $110.00 price target for the company. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Rivian has a consensus rating of "Buy" and a consensus target price of 134.64.

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[Trandall]

Sooo, does this mean Rivian is transitioning from a water bottle and T-shirt company to an automotive company. Kidding... mostly.

 

[Blueassassin]

Sooo, does this mean Rivian is transitioning from a water bottle and T-shirt company to an automotive company. Kidding... mostly.

They would have made a lot more on those water bottles if the shop opened up like a year earlier.

 

[kanundrum]

When they arrive, earnings at Rivian won’t matter. Investors will only care about the production ramp-up at the company.

 

[Dbeglor]

What's more interesting is that is corroborates what I've seen quoted elsewhere that the street, on average, is expected total deliveries of around 40,000 in 2022 (avg sales of around $3b and using average sales price of $75k). The range appears to be from 28k to 46k vehicles. That is total sales, so that would include the vans.

 

[Trandall]

What's more interesting is that is corroborates what I've seen quoted elsewhere that the street, on average, is expected total deliveries of around 40,000 in 2022 (avg sales of around $3b and using average sales price of $75k). The range appears to be from 28k to 46k vehicles. That is total sales, so that would include the vans.

This theory leaves a huge amount of error we just don't know. I would assume the average van price is way below $75K and it could mean total 46K vehicles broken out as 35K vans and 11K R1's.

 

[Cosmacelf]

What's more interesting is that is corroborates what I've seen quoted elsewhere that the street, on average, is expected total deliveries of around 40,000 in 2022 (avg sales of around $3b and using average sales price of $75k). The range appears to be from 28k to 46k vehicles. That is total sales, so that would include the vans.

That’s a lot of cars from a new company, new production line. Will be impressed if 2022 numbers are that high.

 

[moosehead]

Just using the forward guestimate of $3B in Rivian sales, that is a 19X multiple on revenue as of today's stock price.

Given the risk off attitude of the market in the face of fed tightening, hard to say how Rivian rallies much until strong production is delivered.

 

[stickyfingers]

Changed my limit order further down. Stock along with the market is getting pummelled today.

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