• Rivian Automotive Inc RIVN.OQ reported a quarterly adjusted loss of 41 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.24. The mean expectation of twenty five analysts for the quarter was for a loss of 76 cents per share. Wall Street expected results to range from -99 cents to -63 cents per share.

• Revenue rose 3% to $1.24 billion from a year ago; analysts expected $1.01 billion.

• Rivian Automotive Inc's reported EPS for the quarter was a loss of 48 cents​.

• The company reported a quarterly loss of $545 million.

• Rivian Automotive Inc shares had risen by 8.8% this quarter and gained 1.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.6% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy," 16 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is also "hold"

• Wall Street's median 12-month price target for Rivian Automotive Inc is $14.00

This summary was machine generated from LSEG data May 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)