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

REE Automotive

25/08/2023 14:35

* REE Automotive Ltd  REE.OQ   REE.O  is expected to show no
change in quarterly revenue when it reports  results on August
29. 
    * 
    * ​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​, above​ its last closing price of $0.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.06       -0.07      -0.08     Missed  -20
 Dec. 31 2023  -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.        -0.11       -0.11      -0.10     Beat    7.6
 31 2022                                                
 Dec. 31 2021  -0.11       -0.12      -0.09     Beat    25.2​
 Sep. 30 2021  -0.10       -0.10      -0.07     Beat    30
                                      -0.06             
 This summary was machine generated August 25 at 13:35 GMT.  All
figures in US dollars  unless otherwise stated