Electric vehicle maker Rivian (NASDAQ:RIVN) will report earnings tomorrow after the market closes. Here's what you should pay attention to.

Rivian met analysts' revenue expectations in its most recent quarter, reporting revenue of $1.16 billion, up 3.3% year-over-year. It was a very strong quarter for the company, with an impressive exceedance of analyst volume and operating margin estimates.

Given its earnings, is Rivian a buy or sell? Read our full analysis here, it's free.

Analysts expect Rivian's revenue this quarter to fall 25.9% year-over-year to $990.3 million, a reversal from the 149% increase in the year-ago quarter. Adjusted loss is expected to be -$0.89 per share.

Analysts covering the company have become increasingly bearish on earnings, with revenue estimates downgraded 10 times in the last 30 days (we track 20 analysts). Rivian has missed Wall Street's revenue estimates three times in the last two years.

If we look at Rivian's competitors in the automaker segment, some have already reported their third-quarter results, which gives us an indication of what we can expect. General Motors reported 10.5% year-over-year sales growth, beating analysts' expectations by 9.9%, and Tesla reported a 7.8% increase in sales, falling 1% short of estimates. General Motors was up 8.2% following the results, while Tesla also rose 22%.

Read our full analysis of General Motors' results here and Tesla's results here.

There was positive sentiment among investors in the automaker segment, with share prices rising an average of 2.7% over the last month. Rivian's share price remained flat over the same period and is heading towards profitability with an average analyst price target of $16.42 (compared to the current share price of $10.57).

Unless you have been living in crisis for a long time, it should be clear by now that generative AI will have a huge impact on the way large companies do business. While Nvidia and AMD trade near all-time highs, we favor a lesser-known (but still profitable) semiconductor stock that is benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.