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VIDEO: What Investors Should Expect From Rivian's Q4 Earnings
Jason Meshnick sits down with hedge fund manager and TheStreet Pro columnist Brad Ginesin to discuss the EV manufacturer and what to look for from its Q4 results.
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Rivian RIVN is set to announce its Q4 earnings Thursday. I joined TheStreet Pro contributor and hedge fund manager Brad Ginesin, whose first story with TheStreet in 2021 was about Rivian, just before it went public, to get his thoughts on the company and what investors should expect.
This is the first in a short series on Rivian.
What You Should Know:
- Q4 2024 Earnings to be released after market close today.
- S&P Capital IQ estimates are for a loss of $0.64 on revenues of $1.433 billion.
What Investors Are Looking For:
- Management comments will be more important than the numbers.
- People are looking for increased improvements in cost and efficiencies.
- Forward margin growth unlikely to improve because unit growth has slowed.
- Delivery Van: It’s profitable on a per unit basis. Is there a market beyond Amazon?
- A decline in cash burn.
- Product roadmap: is R2 still on schedule?
- Is Georgia factory on schedule? Risk from Trump administration?
What You Should Focus On:
- Cash burn and guidance for 2025.
- Unit production guidance: Ginesin calls 2025 a “gap year” and a “tough year” before the launch of the mass-market R2 model and opening of the Georgia factory.
- Regulatory credits should be helpful to gross margins.
- Relationship with automaker VW, who has promised $5.8 billion as part of joint venture in software and electronics development.
- Progress on Georgia plant and the state of the $6.6 billion loan from the Department of Energy.
Ginesin’s Expectations:
- Not likely to be an optimistic report.
- Doesn’t see a sustained rally, even if they beat.
At the time of publication, Jason Meshnick held a small position in Rivian shares. Brad Ginesin did not.
