REE Automotive Earnings Preview
Portfolio Pulse from Benzinga Insights
REE Automotive (NASDAQ:REE) is scheduled to release its quarterly earnings report on Thursday, 2023-11-30, with an estimated EPS of $-0.11. Investors are looking for an earnings beat and positive guidance for the next quarter. REE's stock performance has been negative over the past year, with a 54.72% decline. Past earnings have shown mixed results with both positive and negative post-earnings share price movements.
November 29, 2023 | 3:01 pm
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NEUTRAL IMPACT
REE Automotive is expected to report an EPS of $-0.11 for the latest quarter. Historical data shows varied stock price reactions to past earnings. With a 54.72% decline over the past year, investors may be bearish unless positive guidance is provided.
The short-term impact on REE's stock price will likely depend on whether they beat the EPS estimate and provide positive future guidance. Historical performance shows that the stock can react positively even when meeting estimates, but the overall bearish trend due to the 54.72% annual decline may temper any positive reaction unless the guidance is strong.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100