A Preview Of REE Automotive's Earnings
Portfolio Pulse from Benzinga Insights
REE Automotive (NASDAQ:REE) is set to release its latest quarterly earnings report on August 29, 2023. Analysts estimate an earnings per share (EPS) of $-0.07. The company's past performance shows a pattern of EPS misses followed by share price increases. The stock is currently trading at $0.1973, down 80.73% over the last 52-week period.
August 28, 2023 | 9:01 pm
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NEUTRAL IMPACT
REE Automotive is expected to report an EPS of $-0.07. Despite past EPS misses, the share price often increased. However, the stock is down 80.73% over the last year.
REE Automotive's earnings report is highly relevant as it directly impacts the company's stock price. The company's past performance shows a pattern of EPS misses followed by share price increases. However, the stock has been on a downward trend over the past year, which could indicate investor skepticism. The score is neutral as it's uncertain how the market will react to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100