REE Automotive Ltd expected to post a loss of $1.48 a share - Earnings Preview
23/08/2024 14:18
* REE Automotive Ltd REE.OQ REE.O is expected to show a
fall
in quarterly revenue when it reports results on August 27
(estimated) for the period ending June 30 2024
* The Herzliya Israel-based company is expected to report
a
8.5% decrease in revenue to $862.5 thousand from $943 thousand a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
* LSEG's mean analyst estimate for REE Automotive Ltd is
for a
loss of $1.48 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for REE
Automotive
Ltd is $14.50, above its last closing price of $3.70.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 -1.69 -1.60 -1.96 Missed -22.4
Dec. 31 2024 -2.19 -2.38 -3.15 Missed -32.3
Sep. 30 2023 -3.60 -3.63 -1.99 Beat 45.1
Jun. 30 2023 -1.80 -2.10 -2.10 Met 0
Mar. -1.72 -2.00 -2.40 Missed -20
31 2023
Dec. 31 2022 -2.99 -3.29 -2.10 Beat 36.2
Sep. 30 2022 -2.91 -2.70 Beat 7.2
Jun. 30 2022 -2.89 -3.22 -2.10 Beat 34.7
This summary was machine generated August 23 at 13:18 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)