Rocket Lab Corp. (NASDAQ:RKLB) shares are trending on Wednesday.
Shares of the California-based aerospace manufacturer and end-to-end space services provider rose 3.04% to $52.45 in after-hours trading on Tuesday as the company announced the date of its third-quarter earnings report.
Rocket Lab said it will report third-quarter results after the market close on Monday, Nov. 9. The company will also host a conference call at 2 p.m. Pacific Time (5 p.m. Eastern).
Q2 Results
In the last quarter reported in August, Rocket Lab posted a loss of 8 cents per share, matching analyst estimates.
Revenue was $234.07 million, beating the $231.07 million estimate by 1.30%.
Separately, Space Exploration Technologies Corp. (NASDAQ:SPCX) reported third-quarter results Tuesday, with revenue up 161% to $14.58 billion. SpaceX posted net income of $4.4 billion, versus a $1.1 billion loss a year earlier, marking its turn to profitability.
What Wall Street Says
On Monday, Cantor Fitzgerald’s Andres Sheppard kept an Overweight rating and $122 price target.
Other recent analyst ratings from last week are:
| Firm | Analyst | Price Target (Previous → Revised) | Rating |
|---|---|---|---|
| Citizens | Trevor Walsh | $130 → $90 | Market Outperform |
| KeyBanc | Michael Leshock | $135 → $100 | Overweight |
| TD Cowen | Gautam Khanna | $90 | Buy |
Trading Metrics, Technical Analysis
Rocket Lab has a market capitalization of about $30.46 billion. Over the past 52 weeks, its stock has traded as high as $151 and as low as $37.57.
RKLB has a Relative Strength Index (RSI) of 26.21.
Over the past 12 months, the large-cap stock has fallen 24.42%.
Price Action: Shares closed on Tuesday at $50.90, down 0.90%, according to Benzinga Pro data.
Read Also: Why Is Dell Technologies (DELL) Stock Trending After Hours?
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PJ McDonnell on Shutterstock.com
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