Keeping with the automotive market, Rivian is set to report its earnings on Tuesday. The projected net loss is anticipated to be $1.90 per share, however, this still represents a 22% increase in comparison to a year ago. Revenue is projected to be $713 million which is an increase of over 1200% from the previous year. Additionally, the consensus estimate has been revised on average by 50 basis points over the past 30 days. Over the last four times it has reported its earnings, the company has beaten Wall Street’s expectations twice. Despite this, shares were down 6.5% at the close of the week, mirroring the market volatility seen on Friday.
