Rocket Lab USA (NASDAQ:RKLB – Get Rating) will be announcing its earnings results after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of -0.06 per share for the quarter. Rocket Lab USA has set its Q2 2022 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Rocket Lab USA (NASDAQ:RKLB – Get Rating) last announced its quarterly earnings data on Monday, May 16th. The rocket manufacturer reported -0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of -0.04 by -0.02. The business had revenue of 40.70 million during the quarter, compared to analyst estimates of 39.93 million. 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 Trading Up 9.1 %
RKLB stock opened at 5.15 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.85 and a current ratio of 4.30. Rocket Lab USA has a 1-year low of 3.53 and a 1-year high of 21.34. The business has a fifty day moving average price of 4.30 and a 200-day moving average price of 6.80.
Institutional Trading of Rocket Lab USA
Wall Street Analyst Weigh In
Several analysts recently commented on RKLB shares. Cowen cut their price objective on Rocket Lab USA to $6.50 and set a “na” rating for the company in a report on Wednesday, May 18th. UBS Group decreased their target price on Rocket Lab USA from $28.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 17th. Wells Fargo & Company started coverage on Rocket Lab USA in a research report on Tuesday, June 21st. They set an “equal weight” rating and a $5.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Rocket Lab USA from $18.00 to $14.00 in a report on Tuesday, May 17th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Rocket Lab USA has an average rating of “Moderate Buy” and an average price target of 16.45.
About Rocket Lab USA
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 engineering and 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.
- Get a free copy of the StockNews.com research report on Rocket Lab USA (RKLB)
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