Will RKLB beat earnings tomorrow?

**Rocket Lab USA's (RKLB) earnings report for Q3 2024 is scheduled on August 8, 2024**.

1. **Current Financial Performance and Analyst Expectations**:
- Rocket Lab USA reported a quarterly loss of $0.08 per share for Q2 2024, which was better than the consensus estimate of a loss of $0.10 per share. This represents an earnings surprise of 20%.
- The company's revenues for the quarter were $106.25 million, slightly below the Zacks Consensus Estimate of $105.47 million. However, this represents a significant year-over-year increase of 71.2%.
- Analysts have revised their earnings per share (EPS) estimates for FY2024 downward to ($0.39), from the previous estimate of ($0.38). This suggests a more cautious outlook on earnings, with the potential for RKLB to beat expectations if the actual EPS is higher than the revised estimate.
2. **Market Performance and Future Outlook**:
- Despite the underperformance so far in 2024, RKLB shares surged by 12% in the week following the Q2 results, reaching $5.37. This positive momentum could influence investor expectations regarding the upcoming earnings report.
- Rocket Lab USA has projected Q3 revenue between $100 million and $105 million, which is slightly below the consensus estimate of $110.54 million. However, the company has a strong backlog of $1.07 billion, with $294 million in launch backlog and $772.6 million in space systems backlog. This robust backlog supports the company's revenue projections.
3. **Conclusion**:
- While Rocket Lab USA has beaten earnings expectations in the past and has shown strong revenue growth, the current estimates for Q3 2024 do not suggest an earnings beat based on the available data.
- Investors should monitor the earnings report for any surprises and consider the company's positive revenue trajectory and successful hot fire of the Archimedes rocket engine, which could bolster future growth.

In summary, while there is potential for RKLB to beat earnings due to the company's historical performance and recent positive developments, the current estimates do not indicate a strong likelihood of an earnings beat for Q3 2024.