On Thursday after closing bell, Rocket Lab USA (RKLB, Financial) reported its first‑quarter numbers, and there's plenty to unpack. A solid $122.6 million in revenue, grew about 32.1% year‑over‑year and nudging past the $121.5 million analysts expected. Those gains were powered by $35.6 million from Launch Services and $87 million from Space Systems.
But the bottom line didn't shine as brightly. The company lost $0.12 per share, missing the forecasted $0.10 loss. That shortfall helped RKLB stock slip roughly 2.8% in after‑hours trading.
On the plus side, adjusted EBITDA loss improved to $30 million, slightly better than guidance, and Rocket Lab still has $517 million in cash. Its backlog of $1.067 billion shows customers are lining up for more launches.
Looking ahead, Rocket Lab expects Q2 revenue between $130 million and $140 million and plans to ramp up to six launches per quarter, aiming to lift its 26.6% gross margin.
Is RKLB Stock a Buy?
Based on the one year price targets offered by 13 analysts, the average target price for Rocket Lab USA Inc is $24.60 with a high estimate of $33.00 and a low estimate of $14.35. The average target implies a upside of +6.51% from the current price of $23.10.
Based on GuruFocus estimates, the estimated GF Value for Rocket Lab USA Inc in one year is $16.08, suggesting a downside of -30.39% from the current price of $23.10.
