Preview: REE Automotive's Earnings
Portfolio Pulse from Benzinga Insights
REE Automotive (NASDAQ:REE) is scheduled to release its quarterly earnings report on March 27, 2024, with an expected EPS of $-2.38. Analysts and investors are looking for an earnings beat and positive guidance for the next quarter. REE's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 5.75% drop. Over the last year, REE's stock has declined by 39.41%, indicating potential concern among long-term shareholders.
March 26, 2024 | 5:01 pm
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REE Automotive is expected to report an EPS of $-2.38 for the upcoming quarter. Past earnings have shown mixed effects on its stock price, with a notable decline of 39.41% over the last year.
Given REE's expected EPS and its past performance, the short-term impact on its stock price is uncertain. While an earnings beat could positively influence the stock, the company's history of mixed reactions to earnings reports and the significant yearly decline suggest a cautious outlook.
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