Rocket Lab USA (RKLB) to Release Earnings on Monday

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Rocket Lab USA to post earnings of ($0.11) per share for the quarter. Rocket Lab USA has set its Q1 2024 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The rocket manufacturer reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). Rocket Lab USA had a negative net margin of 74.64% and a negative return on equity of 30.54%. The business had revenue of $59.99 million for the quarter, compared to analysts' expectations of $62.90 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The business's revenue was up 15.9% compared to the same quarter last year. 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

RKLB stock traded up $0.03 during midday trading on Monday, hitting $3.80. The company's stock had a trading volume of 3,861,303 shares, compared to its average volume of 8,290,647. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -10.00 and a beta of 1.17. 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 stock's 50-day moving average price is $4.07 and its 200 day moving average price is $4.46. Rocket Lab USA has a 1 year low of $3.47 and a 1 year high of $8.05.

Insider Transactions at Rocket Lab USA

In related news, CFO Adam C. Spice sold 67,160 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $4.25, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, General Counsel Arjun Kampani sold 31,394 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Adam C. Spice sold 67,160 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $4.25, for a total transaction of $285,430.00. Following the completion of the sale, the chief financial officer now directly owns 1,442,206 shares in the company, valued at $6,129,375.50. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RKLB. Citigroup reissued 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 dropped their target price on shares of Rocket Lab USA from $5.00 to $4.25 and set an "equal weight" rating on the stock in a research note on Thursday, April 4th. Finally, KeyCorp started coverage on shares of Rocket Lab USA in a research note on Wednesday, January 17th. They set an "overweight" rating and a $8.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.