Shift Technologies Inc expected to post a loss of $4.68 a share - Earnings Preview

Shift Technologies

10/03/2023 11:34

* Shift Technologies Inc  SFT.OQ   SFT.O  is expected
to show a
fall in quarterly revenue when it reports  results on March 28. 
    * The San Francisco California-based  company is expected to
report  a 62.7% decrease in revenue to $73.2 million from
$196.22 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Shift Technologies
Inc is
for a loss of $4.68 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Shift
Technologies Inc is $2.5​, above​ its last closing price
of $1.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  -6.31       -6.14      -7.00     Missed  -13.9
 ​​Sep.        -5.15       -5.18      -4.80     Beat    7.3
 30 2021                                                
 Jun. 30 2021  -4.37       -4.37      -4.10     Beat    6.1​
 Mar. 31 2021  -4.37       -4.37      -5.50     Missed  -26
 Dec. 31 2020  -4.26       -4.25      -0.70     Beat    83.5
 This summary was machine generated March 10 at 11:34 GMT.  All
figures in US dollars  unless otherwise stated