Rivian (RIVN) is expected to report its fourth quarter and full year 2021 results on Thursday after the closing bell.
These are the consensus estimates expected by Wall Street analysts for the electric vehicle startup’s Q4 top and bottom line results, as compiled by Bloomberg data:
Adjusted loss per share: – 2.05
Revenue: $63.99 million
The Irvine, California–based company is pre-profitable and still in the process of ramping up its production. Rivian produced 1,015 vehicles and delivered 920 by the end of 2021.
Analysts are expecting Rivian to target a delivery of 40,000 vehicles this year. Guidance above that could send the stock higher.
The EV startup’s stock is down more than 55% year to date as investors have rotated out of tech and high growth names amid rising inflation the the likelihood of tighter monetary policy.
Rivian shares also took a beating this year immediately…
