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Rocket Lab prepares to report third-quarter earnings
Rocket Lab is scheduled to announce its third-quarter financial results after the market closes on November 9. Investors are closely monitoring the report to assess the company's valuation outlook following a period of stock price pressure.
Market expectations suggest the company could see revenue growth of approximately 66.4% year-on-year. In its previous quarterly report, Rocket Lab provided guidance for sales between $250 million and $265 million, with a target non-GAAP gross margin of 35% to 37%.
The company's stock has faced recent volatility, down significantly from its earlier yearly highs. Analysts have maintained their estimates over the last 30 days, and the average price target remains notably higher than the current trading price.