Wall Street expects Rivian Automotive Inc (NASDAQ:RIVN) to report negative $1.17 in earnings per share (EPS) and $1.163 billion in revenues after market hours on Tuesday.
The stock is down 21.39% over the past year, -57.08%% year-to-date.
An $827M Incentive Package
Recent news indicates Rivian Automotive has announced the receipt of an $827 million incentive package from the Illinois Department of Commerce Economic Opportunity.
The funding is intended to support the expansion of operations at its Normal, Illinois plant and finance job-training programs for employees in preparation for the production launch of the R2, the company’s mid-sized SUV.
Let’s look at what the charts indicate for Rivian stock, and how the stock currently maps against Wall Street estimates.
Rivian’s Upcoming Q1 Earnings
Rivian ...