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

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

Rocket Lab USA (NASDAQ:RKLB) last released its quarterly earnings results on Tuesday, February 27th. The rocket manufacturer reported ($0.10) earnings per share 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 business had revenue of $59.99 million for the quarter, compared to analyst estimates of $62.90 million. During the same period in the prior year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter 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 Trading Up 3.3 %

RKLB stock opened at $3.77 on Monday. The business has a fifty day moving average price of $4.09 and a 200 day moving average price of $4.46. Rocket Lab USA has a fifty-two week low of $3.47 and a fifty-two week high of $8.05. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -9.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.65.

Insider Activity

In other news, CFO Adam C. Spice sold 67,160 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 value of $285,430.00. Following the completion of the sale, the chief financial officer now directly owns 1,442,206 shares of the company’s stock, valued at approximately $6,129,375.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Adam C. Spice sold 67,160 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 value of $285,430.00. Following the completion of the sale, the chief financial officer now directly owns 1,442,206 shares of the company’s stock, valued at approximately $6,129,375.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $4.25, for a total value of $133,424.50. Following the completion of the sale, the general counsel now directly owns 695,147 shares of the company’s stock, valued at $2,954,374.75. The disclosure for this sale can be found here. Insiders own 15.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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 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.