REE Automotive Ltd expected to post a loss of $2.38 a share - Earnings Preview

REE Automotive

14/03/2024 12:33

* REE Automotive Ltd  REE.OQ   REE.O  is expected to show a
rise
in quarterly revenue when it reports  results on March 16
(estimated) for the period ending December 31 2023
    * The Herzliya Israel-based   company is expected to report
revenue of $1.138 million, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for REE Automotive Ltd is
for a
loss of $2.38 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and 2 "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 $7.00​, above​ its last closing price of $6.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -3.60       -3.63      -1.99     Beat    45.1
 Jun. 30 2023  -1.80       -2.10      -2.10     Met     0
 Mar. 31 2023  -1.72       -2.00      -2.40     Missed  -20​
 Dec. 31 2022  -2.99       -3.29      -2.10     Beat    36.2
 ​​Sep.                    -2.91      -2.70     Beat    7.2
 30 2022                                                
 Jun. 30 2022  -2.89       -3.22      -2.10     Beat    34.7​
 Mar. 31 2022  -3.23       -3.25      -3.00     Beat    7.6
 Dec. 31 2021  -3.18       -3.61      -2.70     Beat    25.2
 This summary was machine generated March 14 at 12:32 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)