Rocket Lab Expects Q1 Revenue Of $92M-$98M, Est $98.57M
Portfolio Pulse from Benzinga Newsdesk
Rocket Lab anticipates Q1 revenue to be in the range of $92M-$98M, slightly below the estimated $98.57M. The revenue is expected to come from two main segments: Space Systems, with projected revenue between $60M-$65M, and Launch Services, with revenue between $32M-$33M.
February 27, 2024 | 9:24 pm
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Rocket Lab expects Q1 revenue to fall slightly below analyst estimates, with contributions from Space Systems and Launch Services.
Rocket Lab's anticipated Q1 revenue falling short of analyst expectations could lead to a negative short-term impact on its stock price. The detailed breakdown of revenue sources provides insight but may not fully mitigate investor concerns over the slight miss in total revenue projections.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100