Rivian Automotive, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Rivian Automotive, Inc. reported a quarterly adjusted loss of 48 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -65 cents. The mean expectation of twenty five analysts for the quarter was for a loss of 62 cents per share. Wall Street expected results to range from -86 cents to -48 cents per share.

• Revenue rose 38.3% to $2.16 billion from a year ago; analysts expected $1.99 billion.

• Rivian Automotive, Inc.'s reported EPS for the quarter was a loss of 63 cents​.

• The company reported a quarterly loss of $913 million.

• Rivian Automotive, Inc. shares had fallen by 21.9% this quarter and lost 40.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 15 "strong buy" or "buy," 8 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is "buy."

• Wall Street's median 12-month price target for Rivian Automotive, Inc. is $18.00, about 36.4% above its last closing price of $11.45

This summary was machine generated from LSEG data October 29 at 10:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)