REE Automotive Ltd reports results for the quarter ended December 31 - Earnings Summary
15/05/2025 14:31
REE Automotive Ltd REE.OQ reported a quarterly adjusted loss of 80 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-3.15. The mean expectation of three analysts for the quarter was for a loss of 97 cents per share. Wall Street expected results to range from $-1.16 to -79 cents per share. Revenue fell 97.4% to $12.00 thousand from a year ago; analysts expected zero. REE Automotive Ltd's reported EPS for the quarter was a loss of $1.51. The company reported a quarterly loss of $37.3 million. REE Automotive Ltd shares had risen by 23.7% this quarter and lost 62.7% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 23.4% in the last three months. In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS 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 average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy" Wall Street's median 12-month price target for REE Automotive Ltd is $13.00 This summary was machine generated from LSEG data May 15 at 01:31 p.m. UTC. 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)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Dec. 31 2024 | -0.97 | -0.80 | Beat |
| Sep. 30 2024 | -1.01 | -1.12 | Missed |
| Jun. 30 2024 | -1.51 | -0.97 | Beat |
| Mar. 31 2024 | -1.60 | -1.96 | Missed |