Investing

Earnings Previews: Bakkt, Coupang, Disney, Rivian

Analysts remain bullish on the stock. Of 29 brokerages covering the firm, 22 have a Buy or Strong Buy rating, and the rest rate the stock at Hold. At a share price of around $106.70, the upside potential based on a median price target of $182.00 is about 79.3%. At the high target of $229.00, the upside potential is 122.3%.

Fiscal second-quarter revenue is forecast at $20.04 billion, down 8.2% sequentially but up 28.4% year over year. Adjusted earnings per share (EPS) are pegged at $1.19, up 12.1% sequentially and 50.6% year over year. For fiscal 2022, analysts currently expect Disney to report EPS of $4.43, up 90.4%, on sales of $84.67 billion, up 25.6%.

Disney stock trades at 24.0 times expected 2022 earnings, 18.9 times estimated 2023 earnings of $5.63 per share and 16.0 times estimated 2024 earnings of $6.65 per share. The stock’s 52-week range is $106.48 to $187.58. The low was posted Monday. Disney has suspended its dividend. Total shareholder return for the past year was negative 42.2%.

Rivian

Since its initial public offering in early November of last year, shares of Rivian Automotive Inc. (NASDAQ: RIVN) soared to a gain of nearly 120%, before dropping to their current level of down 78% since the IPO. The stock took a big hit Monday, the day its lockup period for insiders and early investors ended. Following a report that Ford would sell 8 million shares (about 7.8% of its total stake in Rivian) and that Amazon also would be selling, retail investors picked up some of the slack, but not enough to keep the stock from tumbling to a new post-IPO low earlier in the morning.

Of 16 analysts covering the stock, 11 have a Buy or Strong Buy rating and four more have a Hold rating. At a share price of around $21.90, the upside potential based on a median price target of $84.50 is 286%. At the high target of $147.00, the upside potential is 531%.


Analysts expect Rivian to report fiscal first-quarter sales of $128.74 million and an adjusted loss per share of $1.66. Revenue would be up 138.4% sequentially and the loss per share better than the prior quarter’s loss of $2.43. For the full 2022 fiscal year ending in December, analysts are forecasting an adjusted loss per share of $6.92 on sales of $1.93 billion. The expected loss per share is less than half the 2021 loss per share of $14.78, while the revenue estimate is about 3,400% higher.

Rivian is not expected to post a profit in 2022, 2023 or 2024. The stock’s 52-week range is $21.82 to $179.47.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.