Rocket Lab USA (RKLB) Set to Announce Quarterly Earnings on Monday

Rocket Lab USA (NASDAQ:RKLB) will issue its quarterly earnings data 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.Parties interested in listening to the company’s conference call can do so using this link.

Rocket Lab USA (NASDAQ:RKLB) last released its earnings results on Tuesday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $59.99 million during the quarter, compared to analyst estimates of $62.90 million. Rocket Lab USA had a negative return on equity of 30.54% and a negative net margin of 74.64%. Rocket Lab USA’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share. 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 3.3 %

Shares of RKLB stock opened at $3.77 on Monday. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -9.92 and a beta of 1.17. The company has a quick ratio of 1.65, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. Rocket Lab USA has a fifty-two week low of $3.47 and a fifty-two week high of $8.05. The firm’s 50 day moving average price is $4.09 and its two-hundred day moving average price is $4.46.

Insider Transactions at Rocket Lab USA

In other news, CFO Adam C. Spice sold 67,160 shares of the business’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 $285,430.00. Following 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Adam C. Spice sold 67,160 shares of Rocket Lab USA stock in a transaction on Tuesday, March 5th. The shares were 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 owns 1,442,206 shares in the company, valued at $6,129,375.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Arjun Kampani sold 31,394 shares of Rocket Lab USA stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total transaction of $133,424.50. Following the completion of the sale, the general counsel now owns 695,147 shares of the company’s stock, valued at approximately $2,954,374.75. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

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

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.