What's Going On With Rocket Lab USA Stock?
Portfolio Pulse from Erica Kollmann
Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are down 5% on Wednesday and more than 9% over the last five sessions. The company reported Q2 losses of 10 cents per share, missing the analyst consensus estimate. However, it beat sales estimates with $62.05 million, an 11.85% increase YoY. Rocket Lab also announced a purchase agreement with BlackSky Technology, Inc. (NYSE:BKSY) for five launches and a new launch services agreement with a confidential customer for a NASA mission in 2024.
August 09, 2023 | 2:49 pm
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NEGATIVE IMPACT
Rocket Lab's shares are down due to missing Q2 earnings estimates, but it beat sales forecasts and announced new partnerships, which could potentially boost its performance.
Rocket Lab's stock is down due to missing earnings estimates. However, beating sales forecasts and announcing new partnerships could potentially offset this negative impact in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
BlackSky Technology has signed a purchase agreement with Rocket Lab for five launches, which could potentially increase its capacity and introduce new capabilities.
The purchase agreement with Rocket Lab could potentially increase BlackSky's capacity and introduce new capabilities, which could positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50