Rocket Lab USA, Inc. (NASDAQ:RKLB) Expected to Post Earnings of -$0.04 Per Share

Analysts predict that Rocket Lab USA, Inc. (NASDAQ:RKLBGet Rating) will announce earnings per share of ($0.04) for the current quarter, Zacks reports. Four analysts have made estimates for Rocket Lab USA’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.07). The business is expected to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Rocket Lab USA will report full-year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.08). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.16) to ($0.03). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Rocket Lab USA.

RKLB has been the subject of several analyst reports. Bank of America reduced their price objective on Rocket Lab USA from $20.00 to $15.00 in a research note on Wednesday, January 19th. Zacks Investment Research lowered Rocket Lab USA from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. Stifel Nicolaus upped their price objective on Rocket Lab USA from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, March 1st. Finally, Roth Capital initiated coverage on Rocket Lab USA in a research note on Wednesday, February 23rd. They issued a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of 20.14.

Institutional investors have recently modified their holdings of the stock. Citigroup Inc. bought a new position in Rocket Lab USA in the 4th quarter worth $36,000. Advisor Group Holdings Inc. bought a new position in shares of Rocket Lab USA during the 3rd quarter valued at about $119,000. Ensign Peak Advisors Inc bought a new position in shares of Rocket Lab USA during the 4th quarter valued at about $93,000. Royal Bank of Canada bought a new position in shares of Rocket Lab USA during the 3rd quarter valued at about $143,000. Finally, Penserra Capital Management LLC bought a new position in shares of Rocket Lab USA during the 3rd quarter valued at about $143,000.

RKLB traded up 0.67 during mid-day trading on Friday, reaching 5.86. 6,332,500 shares of the company traded hands, compared to its average volume of 3,118,503. The company has a debt-to-equity ratio of 0.14, a current ratio of 8.04 and a quick ratio of 7.55. The company’s fifty day moving average price is 7.82 and its 200-day moving average price is 10.39. Rocket Lab USA has a 52-week low of 4.94 and a 52-week high of 21.34.

About Rocket Lab USA (Get Rating)

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 engineering and 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.

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