Rivian Stock Down 37% YTD: Can Q2 Results, Guidance, R2 Pre-Orders Kickstart Rally For EV Manufacturer?
Portfolio Pulse from Chris Katje
Rivian Automotive (NASDAQ:RIVN) is set to report its Q2 financial results, with key updates expected on vehicle production guidance, a Volkswagen joint venture, and R2 reservations. Analysts predict Q2 revenue of $1.13 billion and a loss of $1.21 per share. Rivian has a history of beating revenue estimates but has missed EPS estimates in the last two quarters. The stock is down 37% YTD. Analysts have mixed views on the $5 billion Volkswagen joint venture. Key items to watch include R2 vehicle launch, production guidance, and potential new delivery vehicle partnerships.
August 05, 2024 | 4:41 pm
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NEUTRAL IMPACT
Rivian's potential new delivery vehicle partnerships could impact Amazon, a key shareholder. Rivian is open to exploring partnerships outside of Amazon.
While Rivian's potential new delivery vehicle partnerships could impact Amazon, the direct effect on Amazon's stock is less certain. The focus remains on Rivian's performance and guidance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Rivian is expected to report Q2 results with updates on production guidance, Volkswagen joint venture, and R2 reservations. Analysts expect $1.13 billion in revenue and a loss of $1.21 per share. The stock is down 37% YTD. Mixed analyst views on the Volkswagen JV.
Rivian's Q2 results and updates on key metrics like production guidance and the Volkswagen joint venture are crucial for investors. The stock's significant YTD decline and mixed analyst views add to the importance of this report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100