Rocket Lab shares close at $76.58 up 2.9% after 15% monthly loss ahead of Q4 earnings
Rocket Lab shares closed at $76.58, up 2.9%, outperforming major indexes despite a 15.26% decline over the past month versus a 2.29% sector loss. The company is set to report Q4 results on February 26 with estimates of a -$0.05 EPS (50% y/y improvement) and $177.9 million revenue (34% growth).
1. Stock Performance
In the latest session, Rocket Lab shares rose 2.9% to close at $76.58, outperforming the S&P 500 (-0.28%), Dow (-0.54%), and Nasdaq (-0.31%). Despite today’s gain, the stock has fallen 15.26% over the past month compared with a 2.29% decline in the Aerospace sector.
2. Upcoming Earnings
Rocket Lab will report Q4 results on February 26, with analysts forecasting a -$0.05 EPS, up 50% year over year, and revenue of $177.9 million, a 34.38% increase from the prior-year quarter. Full-year estimates call for a -$0.20 EPS and $600.01 million in revenue, marking respective gains of 47.37% and 37.55%.
3. Analyst Estimates and Zacks Rank
Analyst EPS projections have remained unchanged over the past month, leaving Rocket Lab with a Zacks Rank of #3 (Hold). The Aerospace - Defense Equipment industry holds a Zacks Industry Rank in the top 22% of over 250 industries, reflecting a favorable group outlook.