Electrical car firm Rivian Automotive (NASDAQ:RIVN) might spotlight the upcoming R2 car when the corporate reviews third-quarter monetary outcomes Tuesday after market shut.
• RIVN is dealing with resistance from sellers. See the market dynamics right here.
Listed here are the earnings estimates, what analysts are saying and key objects to look at forward of the report.
Earnings Estimates: Analysts anticipate Rivian to report third-quarter income of $1.50 billion, up from $874 million in final 12 months’s third quarter, in keeping with information from Benzinga Professional.
The corporate has overwhelmed analyst estimates for income in three straight quarters and in 9 of the previous 10 quarters total.
Analysts anticipate the corporate to report a lack of 72 cents per share, in comparison with a lack of 99 cents per share in final 12 months’s third quarter.
The corporate has overwhelmed analyst estimates for earnings per share in six of the previous 10 quarters.
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What Analysts Are Saying: Rivian’s third-quarter supply progress was helped by robust demand from the expiration of the federal EV tax credit score, Goldman Sachs analyst Mark Delaney mentioned in a current be aware.
“We be aware that U.S. EV trade gross sales seemingly benefitted from pull-in demand associated to the top of the as much as $7,500 EV federal tax credit score underneath the IRA,” Delaney mentioned.
The remark got here after Rivian reported third-quarter deliveries of 13,200, up 32% year-over-year. The entire beat a consensus estimate of 12,700 models, whereas lacking the Goldman Sachs estimate of 13,950.
“We anticipate the lack of the credit score to be a headwind for the market within the coming quarters.”
Delaney estimates the lack of the credit might result in a “double-digit % headwind” for the sector.
The analyst mentioned with the ending of the federal tax credit, new car launches might turn into much more essential and be the foremost tailwind for buyers, citing the Tesla Mannequin YL, lower-cost fashions from Tesla and Rivian’s upcoming R2 launch.
Delaney maintained a Impartial score on Rivian with a $15 value goal following the discharge of third-quarter deliveries.
“Rivian barely lowered its full-year supply steering by 500 automobiles on the midpoint.”
The analyst mentioned the brand new steering implies 42,500 car deliveries on the midpoint, which is in step with Goldman Sachs’ estimate of 42,500 and barely above consensus estimates of 42,400.
Delaney mentioned the important thing objects to look at for Rivian are elevated volumes, margins, vertical integration, money burn and the availability chain.
Listed here are different current analyst rankings on Rivian Automotive and their value targets:
- JPMorgan: Maintained Underweight score, raised value goal from $9 to $10
- Mizuho: Downgraded from Impartial to Underperform, lowered value goal from $14 to $10
- UBS: Maintained Impartial score, raised value goal from $12 to $13
Key Gadgets to Watch: Current quarters from Rivian have centered on the longer term extra so than previous outcomes, with the corporate highlighting its three way partnership with Volkswagen Group and the upcoming R2 car.
The corporate mentioned after second-quarter outcomes that the R2 timeline was on monitor with plans to fee the R2 line within the third quarter and shopper deliveries to start within the first half of 2026.
Buyers and analysts can be watching to see if this stays on monitor and if Rivian has any new information on reservations or preliminary demand of the R2, a mid-size SUV that would assist the corporate hit a bigger part of customers within the electrical car market.
Rivian narrowed its full-year supply forecast to a variety of 41,500 to 43,500 after third-quarter supply figures have been shared. Buyers can even be watching to see if this vary stays in place or modifications once more.
With the expiration of the federal tax credit score for EVs and Rivian CEO RJ Scaringe commenting in interviews that Chinese language EVs are cheaper and have extra enticing value factors, buyers and analysts might need to hear extra about what the corporate’s progress plans are for the longer term.
Rivian inventory will seemingly be much less reactive to leads to the upcoming quarters till the R2 is produced, and can see large swings if steering or the timeline is modified.
RIVN Worth Motion: Rivian inventory is down 2.43% to $13.24 at publication on Monday versus a 52-week buying and selling vary of $9.50 to $17.14. Rivian shares are down 0.45% year-to-date in 2025.
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Photograph: Courtesy Rivian
