Shift Technologies Inc expected to post a loss of 70  cents a share - Earnings Preview

Shift Technologies

07/05/2022 03:06

* Shift Technologies Inc  SFT.OQ   SFT.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 10. 
    * The San Francisco California-based  company is expected to
report  a 97.4% increase in revenue to $209.246 million from
$106 million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Shift Technologies
Inc is
for a loss of 70 cents per share. For the same quarter last
year, the company reported a loss of 55 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "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 $6​, above​ its last closing price of $1.18.
​​​
    * 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 2021  -0.63       -0.61      -0.70     Missed  -13.9
 Sep. 30 2021  -0.51       -0.52      -0.48     Beat    7.3
 Jun. 30 2021  -0.44       -0.44      -0.41     Beat    6.1​
 Mar. 31 2021  -0.44       -0.44      -0.55     Missed  -26
 ​​Dec.        -0.43       -0.42      -0.07     Beat    83.5
 31 2020                                                
 Sep. 30 2020  -0.17       -0.22      -0.64     Missed  -184.4
                                                        ​
 This summary was machine generated May 7 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated