Rocket Lab USA (RKLB) to Release Earnings on Monday

Rocket Lab USA (NASDAQ:RKLB) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Rocket Lab USA has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Rocket Lab USA (NASDAQ:RKLB) last posted its earnings results on Tuesday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Rocket Lab USA had a negative net margin of 74.64% and a negative return on equity of 30.54%. The firm had revenue of $59.99 million during the quarter, compared to the consensus estimate of $62.90 million. During the same quarter last year, the firm posted ($0.08) EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, analysts expect Rocket Lab USA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rocket Lab USA Stock Performance

Shares of NASDAQ:RKLB opened at $4.00 on Friday. The business has a fifty day moving average of $4.02 and a 200-day moving average of $4.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 2.13. Rocket Lab USA has a twelve month low of $3.47 and a twelve month high of $8.05. The firm has a market cap of $1.96 billion, a PE ratio of -10.53 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RKLB. Wells Fargo & Company reduced their price objective on Rocket Lab USA from $5.00 to $4.25 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. KeyCorp began coverage on Rocket Lab USA in a research report on Wednesday, January 17th. They issued an “overweight” rating and a $8.00 price objective for the company. Finally, Citigroup restated a “buy” rating and issued a $6.00 price objective on shares of Rocket Lab USA in a report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.46.

Insider Activity at Rocket Lab USA

In other Rocket Lab USA news, CFO Adam C. Spice sold 67,160 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total value of $285,430.00. Following the completion of the sale, the chief financial officer now directly owns 1,442,206 shares in the company, valued at $6,129,375.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Arjun Kampani sold 31,394 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $133,424.50. Following the sale, the general counsel now directly owns 695,147 shares in the company, valued at $2,954,374.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Adam C. Spice sold 67,160 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total transaction of $285,430.00. Following the completion of the transaction, the chief financial officer now directly owns 1,442,206 shares of the company’s stock, valued at $6,129,375.50. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Rocket Lab USA Company Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.