From Nasdaq: 2025-02-18 07:59:00

Rivian Automotive (RIVN) is set to announce its fourth-quarter 2024 results after market close, with a projected loss of 66 cents per share on revenues of $1.43 billion. Analysts expect a year-over-year improvement of 51.5% in earnings and an 8.5% revenue growth. The company aims for a positive gross margin this quarter through various strategies.

RIVN sold 14,183 vehicles in Q4 2024, exceeding estimates despite production challenges. The company is focused on cost efficiency and improving profitability. RIVN’s partnership with Volkswagen and expansion of its product lineup are key growth drivers. However, challenges like cash burn, political uncertainty, and competition remain concerns. Investors should wait for Q4 earnings before making decisions.

RIVN’s stock price has declined 8% in the past six months but is relatively undervalued compared to peers. The company aims for cost reductions in its vehicle lineup and expects to attract more buyers with new models. Despite challenges, RIVN’s focus on efficiency and growth strategies could drive future success. Investors can access Zacks’ stock picks for $1 to gain insights into potential investments.



Read more at Nasdaq: Rivian Pre-Q4 Earnings Analysis: Is the Stock Worth Buying Now?