Rocket Lab Shares Fall 2.38% Ahead of Earnings

Rocket Lab Corporation shares fell 2.38% to close at $72.19 in the latest trading session. The decline was steeper than the S&P 500’s 0.77% drop, while the Dow fell 0.67% and the Nasdaq lost 0.92%.

Before that session, the stock had gained 14.85% over the past month. That outpaced the Aerospace sector, which fell 7.65%, and the S&P 500, which rose 0.96%.

Zacks consensus estimates call for Rocket Lab to report a loss of 2 cents per share in its upcoming quarterly results, down 300% from a year earlier. The revenue estimate is $255.89 million, up 65% from the same quarter last year.

For the full year, the consensus estimate is a loss of 5 cents per share and revenue of $945.03 million. Zacks said its consensus estimate for quarterly earnings per share had not changed in the past 30 days.