Shift Technologies Inc expected to post a loss of 43 cents a share - Earnings Preview

Shift Technologies

05/11/2022 01:31

* Shift Technologies Inc  SFT.OQ   SFT.O  is expected
to show a
fall in quarterly revenue when it reports  results on November
8. 
    * The San Francisco California-based  company is expected to
report  a 20.1% decrease in revenue to $143.714 million from
$179.8 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Shift Technologies
Inc is
for a loss of 43 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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 $3.75​, above​ its last closing price
of $0.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  -0.54       -0.55      -0.64     Missed  -15.8
 Mar. 31 2022  -0.70       -0.70      -0.70     Met     -0.1
 Dec. 31 2021  -0.63       -0.61      -0.70     Missed  -13.9​
 Sep. 30 2021  -0.51       -0.52      -0.48     Beat    7.3
 ​​Jun.        -0.44       -0.44      -0.41     Beat    6.1
 30 2021                                                
 Mar. 31 2021  -0.44       -0.44      -0.55     Missed  -26​
 Dec. 31 2020  -0.43       -0.42      -0.07     Beat    83.5
 Sep. 30 2020  -0.17       -0.22      -0.64     Missed  -184.4
 This summary was machine generated November 5 at 01:31 GMT.  All
figures in US dollars  unless otherwise stated