REE Automotive Ltd expected to post a loss of $3.63 a share - Earnings Preview

REE Automotive

28/11/2023 13:52

* REE Automotive Ltd  REE.OQ   REE.O  is expected to show no
change in quarterly revenue when it reports  results on November
30 for the period ending June 30 2023
    * 
    * ​LSEG's mean analyst estimate for REE Automotive Ltd is
for a
loss of $3.63 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 1 "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 $11.50​, above​ its last closing price of $5.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2022              -2.91      -2.70     Beat    7.2
 ​​Jun.        -2.89       -3.22      -2.10     Beat    34.7
 30 2022                                                
 Mar. 31 2022  -3.23       -3.25      -3.00     Beat    7.6​
 Dec. 31 2021  -3.18       -3.61      -2.70     Beat    25.2
 Sep. 30 2021  -3.01       -3.00      -2.10     Beat    30
 This summary was machine generated November 28 at 13:52 GMT. 
All figures in US dollars unless otherwise stated