Zacks: Analysts Anticipate REE Automotive Ltd. (NASDAQ:REE) Will Post Earnings of -$0.15 Per Share

Brokerages forecast that REE Automotive Ltd. (NASDAQ:REE – Get Rating) will put up earnings for every share of ($.15) for the present quarter, according to Zacks. Zero analysts have issued estimates for REE Automotive’s earnings. The enterprise is envisioned to report its upcoming earnings report on Monday, January 1st.

According to Zacks, analysts hope that REE Automotive will report full 12 months earnings of ($.51) per share for the existing economic year, with EPS estimates ranging from ($.58) to ($.43). For the upcoming fiscal year, analysts anticipate that the agency will write-up earnings of ($.68) per share. Zacks’ earnings for every share averages are a signify common dependent on a survey of promote-facet investigate corporations that comply with REE Automotive.

REE Automotive (NASDAQ:REE – Get Score) very last introduced its quarterly earnings final results on Thursday, March 3rd. The firm documented ($.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($.16) by $.02.

Several equities analysts have issued experiences on REE shares. Wells Fargo & Organization began protection on shares of REE Automotive in a investigate report on Friday, March 25th. They issued an “underweight” rating and a $1.00 cost focus on for the enterprise. Morgan Stanley diminished their price tag goal on shares of REE Automotive from $5.00 to $2.00 and set an “underweight” score for the firm in a research report on Monday, March 14th. Cantor Fitzgerald assumed protection on shares of REE Automotive in a investigate report on Friday, January 14th. They established an “overweight” score and a $9.00 cost aim for the business. Eventually, Zacks Financial investment Analysis upgraded shares of REE Automotive from a “sell” rating to a “hold” rating in a exploration report on Thursday, April 7th. Two exploration analysts have rated the inventory with a sell rating, a person has given a hold score and 3 have issued a purchase ranking to the company’s stock. Centered on knowledge from MarketBeat.com, the inventory has an regular ranking of “Hold” and an ordinary focus on price of $8.75.

A number of institutional investors have recently added to or diminished their stakes in the business. Zweig DiMenna Associates LLC purchased a new position in shares of REE Automotive all through the 3rd quarter valued at about $1,355,000. Meitav Sprint Investments Ltd. acquired a new position in shares of REE Automotive throughout the 3rd quarter valued at about $1,308,000. First Nationwide Trust Co acquired a new place in shares of REE Automotive during the third quarter valued at about $45,000. IPG Investment decision Advisors LLC purchased a new place in shares of REE Automotive in the course of the third quarter valued at about $102,000. Lastly, Citigroup Inc. acquired a new situation in shares of REE Automotive in the course of the third quarter valued at about $186,000. 14.95% of the stock is presently owned by hedge resources and other institutional buyers.

Shares of NASDAQ REE opened at $1.97 on Friday. REE Automotive has a 52-week reduced of $1.75 and a 52-7 days superior of $11.66. The organization has a 50 working day shifting ordinary price tag of $2.42 and a two-hundred day moving typical cost of $3.74.

About REE Automotive (Get Score)

REE Automotive Ltd. operates in the e-mobility enterprise. The business develops REEcorner engineering, which integrates auto travel parts, including steering, braking, suspension, powertrain, and regulate into the arch of the wheel. The firm also develops REEboard, a flat and modular EV chassis.

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