KeyCorp Forecasts Rocket Lab USA FY2026 Earnings

Rocket Lab USA, Inc. (NASDAQ:RKLB - Free Report) - Research analysts at KeyCorp issued their FY2026 earnings estimates for shares of Rocket Lab USA in a research note issued to investors on Tuesday, April 22nd. KeyCorp analyst M. Leshock forecasts that the rocket manufacturer will earn $0.07 per share for the year. KeyCorp has a "Overweight" rating and a $28.00 price target on the stock. The consensus estimate for Rocket Lab USA's current full-year earnings is ($0.38) per share.

A number of other brokerages also recently issued reports on RKLB. Needham & Company LLC started coverage on shares of Rocket Lab USA in a report on Friday. They set a "buy" rating and a $28.00 price target on the stock. TD Cowen raised Rocket Lab USA to a "strong-buy" rating in a report on Monday, February 24th. Wells Fargo & Company dropped their target price on shares of Rocket Lab USA from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price objective on Rocket Lab USA from $12.00 to $13.50 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.25.

Rocket Lab USA Stock Performance

Rocket Lab USA stock traded down $0.22 during mid-day trading on Thursday, hitting $22.16. The company had a trading volume of 9,477,708 shares, compared to its average volume of 15,484,156. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -59.93 and a beta of 2.08. Rocket Lab USA has a 12-month low of $3.66 and a 12-month high of $33.34. The company's fifty day moving average is $19.57 and its 200-day moving average is $21.32. The company has a current ratio of 2.58, a quick ratio of 2.16 and a debt-to-equity ratio of 0.97.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last issued its earnings results on Thursday, February 27th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Rocket Lab USA had a negative return on equity of 39.47% and a negative net margin of 51.76%. The business had revenue of $132.39 million for the quarter, compared to analysts' expectations of $130.58 million.

Hedge Funds Weigh In On Rocket Lab USA

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Rocket Lab USA by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 36,195,577 shares of the rocket manufacturer's stock valued at $921,901,000 after acquiring an additional 668,093 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Rocket Lab USA by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 8,285,693 shares of the rocket manufacturer's stock valued at $211,084,000 after purchasing an additional 32,658 shares during the period. FMR LLC increased its holdings in shares of Rocket Lab USA by 30,853.3% in the 4th quarter. FMR LLC now owns 3,696,136 shares of the rocket manufacturer's stock valued at $94,141,000 after acquiring an additional 3,684,195 shares during the period. Northern Trust Corp grew its holdings in shares of Rocket Lab USA by 9.5% during the fourth quarter. Northern Trust Corp now owns 3,227,617 shares of the rocket manufacturer's stock worth $82,207,000 after buying an additional 281,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Rocket Lab USA by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,902,212 shares of the rocket manufacturer's stock valued at $73,919,000 after purchasing an additional 23,855 shares during the period. Institutional investors and hedge funds own 71.78% of the company's stock.

Insiders Place Their Bets

In related news, insider Frank Klein sold 1,835 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $19.93, for a total transaction of $36,571.55. Following the completion of the transaction, the insider now owns 1,417,644 shares of the company's stock, valued at approximately $28,253,644.92. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.70% of the stock is owned by insiders.

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.