Should You Invest $10,000 in SpaceX Stock Before Its First Earnings Release?
This falling ticker seems ripe for a bullish reversal, but things are still complicated for this recently IPO'd company's shares.
Overview
Sure, buying shares of Space Exploration Technologies (NASDAQ: SPCX) -- you know it better as SpaceX -- before the Aug. 4 release of its second-quarter earnings could prove to be a brilliant trade. Analysts are only looking for a loss of $0.28 per share on revenue of $6.87 billion, after all. Anything even remotely better than that outlook could prompt a reversal of the 33% pullback from its post-IPO peak.
The odds are still stacked against that outcome, however, for a few reasons.
Details
One of them is just that the echoes of this company's pre-IPO euphoria are still ringing while the crowd comes to grips with the fact that this unprofitable $1.5 trillion company is only expected to do on the order of $40 billion worth of business this year, en route to a top line of $73 billion next year. That should push it out of the red and into the black, but just barely.
Source
Originally published at www.fool.com.