Rivian Automotive Inc reports results for the quarter ended December 31 - Earnings Summary

• Rivian Automotive Inc RIVN.OQ reported a quarterly adjusted loss of 46 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-1.36. The mean expectation of twenty five analysts for the quarter was for a loss of 65 cents per share. Wall Street expected results to range from -79 cents to -58 cents per share.

• Revenue rose 31.9% to $1.73 billion from a year ago; analysts expected $1.40 billion.

• Rivian Automotive Inc's reported EPS for the quarter was a loss of 70 cents​.

• The company reported a quarterly loss of $1.52 million.

• Rivian Automotive Inc shares had risen by 4.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy," 15 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the auto & truck manufacturers peer group is also "hold"

Wall Street's median 12-month price target for Rivian Automotive Inc is $14.00

This summary was machine generated from LSEG data February 20 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)