Rocket Lab USA (RKLB) to Release Quarterly Earnings on Monday

Rocket Lab USA (NASDAQ:RKLB) will release its earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Rocket Lab USA has set its Q1 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Rocket Lab USA (NASDAQ:RKLB) last announced its quarterly earnings data on Tuesday, February 27th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $59.99 million during the quarter, compared to analyst estimates of $62.90 million. Rocket Lab USA had a negative net margin of 74.64% and a negative return on equity of 30.54%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. On average, analysts expect Rocket Lab USA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rocket Lab USA Stock Performance

NASDAQ:RKLB opened at $4.00 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -10.53 and a beta of 1.18. The company has a fifty day simple moving average of $4.02 and a two-hundred day simple moving average of $4.45. Rocket Lab USA has a 52 week low of $3.47 and a 52 week high of $8.05.

Insider Activity at Rocket Lab USA

In related news, General Counsel Arjun Kampani sold 31,394 shares of Rocket Lab USA stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total value of $133,424.50. Following the sale, the general counsel now directly owns 695,147 shares in the company, valued at $2,954,374.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Rocket Lab USA news, General Counsel Arjun Kampani sold 31,394 shares of Rocket Lab USA stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $133,424.50. Following the completion of the transaction, the general counsel now owns 695,147 shares in the company, valued at $2,954,374.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Adam C. Spice sold 67,160 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total transaction of $285,430.00. Following the completion of the transaction, the chief financial officer now directly owns 1,442,206 shares of the company’s stock, valued at approximately $6,129,375.50. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RKLB shares. Citigroup reaffirmed a “buy” rating and issued a $6.00 price target on shares of Rocket Lab USA in a report on Monday, February 12th. Wells Fargo & Company decreased their price objective on Rocket Lab USA from $5.00 to $4.25 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Finally, KeyCorp began coverage on shares of Rocket Lab USA in a report on Wednesday, January 17th. They issued an “overweight” rating and a $8.00 target price on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Rocket Lab USA currently has an average rating of “Moderate Buy” and an average target price of $7.46.

About Rocket Lab USA

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 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.