REE Automotive Q4 Adjusted EPS $(3.15) Misses $(2.38) Estimate, Sales $455.00K Miss $1.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
REE Automotive reported a Q4 adjusted EPS of $(3.15), missing the $(2.38) estimate, and sales of $455.00K, missing the $1.35M estimate. This represents a significant decrease in performance compared to the same period last year.
March 27, 2024 | 11:05 am
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REE Automotive's Q4 earnings significantly missed analyst estimates with a larger than expected loss per share and lower sales, indicating a substantial decrease in performance year-over-year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a drastic decrease from the previous year's performance, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the year-over-year decline are critical factors that investors will consider, potentially leading to a decrease in stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100