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

Shift Technologies

11/08/2023 04:13

* Shift Technologies Inc  SFT.OQ  reported a quarterly
adjusted
loss of $1.42​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of $2.16 per share.
    * Revenue fell 78.9% to $47.26 million from a year ago;
analysts
expected $59.25 million. 
    * Shift Technologies Inc's reported EPS for the quarter was
a loss
of $1.52​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
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 30.4% this
quarter and gained 1.4% so far this year.
    * The company reported a quarterly loss of $25.78 million.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 11 at 03:13 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -2.16          -1.42          Beat
 Mar. 31 2023      -2.72          -2.76          Missed
 Dec. 31 2022      -4.68          -3.72          Beat
 Sep. 30 2022      -4.40          -9.20          Missed