-$0.04 EPS expected for Rocket Lab USA, Inc. (NASDAQ:RKLB) this quarter

Brokers expect Rocket Lab USA, Inc. (NASDAQ: RKLB – Get Rating) to report earnings of ($0.04) per share for the current fiscal quarter, reports Zacks Investment Research. Four analysts provided earnings estimates for Rocket Lab USA. The highest EPS estimate is ($0.02) and the lowest is ($0.07). The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.

According to Zacks, analysts expect Rocket Lab USA to report annual earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.26 to $0.08. For next year, analysts expect the company to post earnings of ($0.08) per share, with EPS estimates ranging from ($0.16) to ($0.03). Zacks earnings per share averages are an average based on a survey of research analysts who cover Rocket Lab USA.

Several analysts have recently released reports on RKLB shares. Stifel Nicolaus raised his price target on Rocket Lab USA shares from $22.00 to $23.00 and gave the company a “buy” rating in a Tuesday, March 1 research report. Zacks Investment Research upgraded Rocket Lab USA from a “hold” rating to a “sell” rating in a Thursday, March 31 research note. Bank of America lowered its target price on Rocket Lab USA from $20.00 to $15.00 in a Wednesday, January 19 research note. Morgan Stanley launched coverage on Rocket Lab USA in a research note on Wednesday, January 12. They set an “overweight” rating and a target price of $17.00 on the stock. Finally, Roth Capital assumed coverage for Rocket Lab USA in a Wednesday, February 23 research note. They set a “buy” rating and a target price of $20.00 on the stock. One investment analyst gave the stock a sell rating, one gave the company a hold rating and six gave the company a buy rating. According to MarketBeat data, Rocket Lab USA has an average rating of “Buy” and an average price target of 20.14.

RKLB stock traded down 0.26 in Friday’s session, hitting 6.52. The company had a trading volume of 3,086,900 shares, compared to an average volume of 2,954,158. The company has a 50-day moving average of 8.14 and a 200-day moving average of 10.65. Rocket Lab USA has a one-year low of 6.26 and a one-year high of 21.34. The company has a debt ratio of 0.14, a quick ratio of 7.55 and a current ratio of 8.04.

Several institutional investors and hedge funds have recently changed their positions in the company. Luxor Capital Group LP bought a new position in shares of Rocket Lab USA during the third quarter for a value of approximately $12,019,000. Moors & Cabot Inc. bought a new position in shares of Rocket Lab USA during the third quarter for a value of approximately $33,000. Park West Asset Management LLC purchased a new position in shares of Rocket Lab USA during the third quarter for a value of approximately $15,993,000. JW Cole Advisors Inc. increased its holdings of Rocket Lab USA shares by 134.4% during the fourth quarter. JW Cole Advisors Inc. now owns 54,573 shares of the rocket maker worth $670,000 after buying 31,293 additional shares last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in Rocket Lab USA in the third quarter worth approximately $32,260,000.

Rocket Lab USA Company Profile (Get a rating)

Rocket Lab USA, Inc, a space company, provides launch services and space system 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 in-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium class rockets.

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