REE Automotive Ltd reports results for the quarter ended in June - Earnings Summary

REE Automotive

29/08/2023 14:31

* REE Automotive Ltd  REE.OQ  reported a quarterly adjusted
loss
of 7 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss of 7
cents per share.
    * Revenue was $943.00 thousand​; analysts expected zero. 
    * REE Automotive Ltd's reported EPS for the quarter was a
loss
of 9 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * REE Automotive Ltd shares had fallen by 42.7% this
quarter and
lost 44.0% so far this year.
    * The company reported a quarterly loss of $26.21 million.
    * Wall Street's median 12-month price target for REE
Automotive
Ltd is $1.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 29 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.07          -0.07          Met
 Mar. 31 2023      -0.07          -0.08          Missed
 Dec. 31 2022      -0.11          -0.07          Beat
 Sep. 30 2022      -0.10          -0.09          Beat