REE Automotive Ltd expected to post a loss of 7 cents a share - Earnings Preview

REE Automotive

19/05/2023 13:38

* REE Automotive Ltd  REE.OQ   REE.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 23. 
    * The Herzliya Israel-based   company is expected to report
revenue of $550 thousand, according to the mean estimate from 4
analysts, based on Refinitiv data.  
    * ​Refinitiv's mean analyst estimate for REE Automotive Ltd
is for
a loss of 7 cents 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 $1.25​, above​ its last closing price of $0.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.10       -0.11      -0.07     Beat    36.2
 Sep. 30 2022              -0.10      -0.09     Beat    7.2
 Jun. 30 2022  -0.10       -0.11      -0.07     Beat    34.7​
 Mar. 31 2022  -0.11       -0.11      -0.10     Beat    7.6
 ​​Dec.        -0.11       -0.12      -0.09     Beat    25.2
 31 2021                                                
 Sep. 30 2021  -0.10       -0.10      -0.07     Beat    30​
                                      -0.06             
 This summary was machine generated May 19 at 12:38 GMT.  All
figures in US dollars  unless otherwise stated