Shift Technologies Inc reports results for the quarter ended in December - Earnings Summary

Shift Technologies

28/03/2023 22:02

* Shift Technologies Inc  SFT.OQ  reported quarterly
adjusted
earnings of $1.25​​ per share for the quarter ended in December.
The mean expectation of six analysts for the quarter was for a
loss of $4.68 per share.
    * Revenue fell 66.6% to $65.57 million from a year ago;
analysts
expected $73.20 million. 
    * Shift Technologies Inc's reported EPS for the quarter was
$1.25​.
    * The mean earnings estimate of analysts had fallen by
about 51%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Shift Technologies Inc shares had fallen by 4.6% this
quarter.
    * The company reported quarterly net income of $13.01
million.
    * Wall Street's median 12-month price target for Shift
Technologies Inc is $2.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 28 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -4.68          1.25           Beat
 Sep. 30 2022      -4.40          -9.20          Missed
 Jun. 30 2022      -5.53          -6.40          Missed
 Mar. 31 2022      -6.99          -7.00          Missed