Shift Technologies Inc expected to post a loss of $2.53 a share - Earnings Preview

Shift Technologies

10/05/2023 02:27

* Shift Technologies Inc  SFT.OQ   SFT.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 11. 
    * The San Francisco California-based  company is expected to
report  a 74.1% decrease in revenue to $56.911 million from
$219.58 million a year ago, according to the mean estimate from
4 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Shift Technologies
Inc is
for a loss of $2.53 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 45.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Shift
Technologies Inc is $2.4​, above​ its last closing price
of $2.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -6.06       -4.68      -3.72     Beat    20.5
 Sep. 30 2022  -4.86       -4.40      -9.20     Missed  -109.1
 Jun. 30 2022  -5.38       -5.53      -6.40     Missed  -15.8​
 Mar. 31 2022  -7.00       -6.99      -7.00     Missed  -0.1
 ​​Dec.        -6.31       -6.14      -7.00     Missed  -13.9
 31 2021                                                
 Sep. 30 2021  -5.15       -5.18      -4.80     Beat    7.3​
 Jun. 30 2021  -4.37       -4.37      -4.10     Beat    6.1
 Mar. 31 2021  -4.37       -4.37      -5.50     Missed  -26
 This summary was machine generated May 10 at 01:27 GMT.  All
figures in US dollars  unless otherwise stated