Rivian Q3 Earnings Preview: R2 Revenues Are Path Into The Future, Just Like Tesla's Model 3
Portfolio Pulse from Surbhi Jain
Rivian Automotive Inc is set to report Q3 earnings with an expected negative EPS of $1.33 and revenue of $1.31 billion. The company's R2 model, set to be revealed in 2024, is a significant focus for future revenues. However, Rivian's recent fundraising and stock dilution, along with significant cash burn, have caused investor caution. Despite a 45% drop in stock price over the past year, analysts see a potential buy opportunity, with price targets ranging from $24 to $31. Rivian's partnership with Amazon for EDV deliveries in Germany is also seen as a positive.
November 06, 2023 | 1:33 pm
News sentiment analysis
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POSITIVE IMPACT
Amazon's partnership with Rivian for EDV deliveries in Germany could potentially benefit both companies.
Amazon's partnership with Rivian could potentially increase its efficiency in deliveries, which could positively impact its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Rivian's Q3 earnings report, stock dilution, and cash burn could impact investor sentiment. However, analyst buy ratings and price targets suggest potential growth.
Rivian's financial situation and future plans for the R2 model could cause short-term volatility. However, analyst ratings suggest potential for growth, which could positively impact the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla is mentioned in comparison to Rivian's future plans for the R2 model, but the news does not directly impact Tesla.
Tesla is mentioned as a comparison to Rivian's future plans, but this news does not directly impact Tesla's stock.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20