$39.93 Million in Sales Expected for Rocket Lab USA, Inc. (NASDAQ:RKLB) This Quarter

Analysts expect Rocket Lab USA, Inc. (NASDAQ:RKLBGet Rating) to announce sales of $39.93 million for the current quarter, according to Zacks. Four analysts have made estimates for Rocket Lab USA’s earnings, with the highest sales estimate coming in at $40.33 million and the lowest estimate coming in at $39.37 million. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Rocket Lab USA will report full-year sales of $225.93 million for the current financial year, with estimates ranging from $201.00 million to $257.63 million. For the next fiscal year, analysts anticipate that the company will post sales of $332.75 million, with estimates ranging from $282.00 million to $370.30 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Rocket Lab USA.

A number of equities analysts have commented on the stock. Bank of America reduced their target price on shares of Rocket Lab USA from $20.00 to $15.00 in a research note on Wednesday, January 19th. Stifel Nicolaus lifted their target price on shares of Rocket Lab USA from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, March 1st. Roth Capital assumed coverage on shares of Rocket Lab USA in a research note on Wednesday, February 23rd. They set a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of Rocket Lab USA from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of 20.14.

RKLB stock traded up 0.67 during trading on Monday, reaching 5.86. 6,332,500 shares of the stock were exchanged, compared to its average volume of 3,118,503. The company has a debt-to-equity ratio of 0.14, a current ratio of 8.04 and a quick ratio of 7.55. The business has a 50 day moving average price of 7.82 and a 200-day moving average price of 10.39. Rocket Lab USA has a 1 year low of 4.94 and a 1 year high of 21.34.

Several institutional investors and hedge funds have recently made changes to their positions in RKLB. VK Services LLC acquired a new position in shares of Rocket Lab USA in the third quarter valued at approximately $1,855,027,000. Deer Management Co. LLC acquired a new position in shares of Rocket Lab USA in the fourth quarter valued at approximately $1,000,218,000. Vanguard Group Inc. grew its holdings in shares of Rocket Lab USA by 806.4% in the first quarter. Vanguard Group Inc. now owns 21,373,494 shares of the rocket manufacturer’s stock valued at $172,057,000 after purchasing an additional 19,015,363 shares in the last quarter. StepStone Group LP acquired a new position in shares of Rocket Lab USA in the third quarter valued at approximately $281,251,000. Finally, Vector Capital Management L.P. acquired a new position in shares of Rocket Lab USA in the third quarter valued at approximately $208,373,000.

About Rocket Lab USA (Get Rating)

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 engineering and 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.

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