In the latest market close, Rivian Automotive (RIVN) reached $12.51, with a +0.72% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.25%.

Shares of the a manufacturer of motor vehicles and passenger cars have depreciated by 6.62% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 8.98% and lagging the S&P 500's gain of 1.24%.

The investment community will be paying close attention to the earnings performance of Rivian Automotive in its upcoming release. The company is slated to reveal its earnings on February 20, 2025. The company is predicted to post an EPS of -$0.67, indicating a 50.74% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.33 billion, up 0.98% from the year-ago period.

Investors should also pay attention to any latest changes in analyst estimates for Rivian Automotive. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 3.51% lower. Rivian Automotive currently has a Zacks Rank of #4 (Sell).

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 23% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report

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