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

Shift Technologies

11/05/2022 19:31

* Shift Technologies Inc  SFT.OQ  reported a quarterly
adjusted
loss of 70 cents​​ per share for the quarter ended in March. The
mean expectation of twelve analysts for the quarter was for a
loss of 70 cents per share.
    * Revenue rose 107.1% to $219.58 million from a year ago; 
analysts expected $209.25 million. 
    * Shift Technologies Inc's reported EPS for the quarter was
a loss
of 70 cents​.
    * The mean earnings estimate of analysts had fallen by
about 37.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Shift Technologies Inc shares had fallen by 43.6% this
quarter and lost 63.6% so far this year.
    * The company reported a quarterly loss of $57.05 million.
    * Wall Street's median 12-month price target for Shift
Technologies Inc is $4.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 11 at 06:31 p.m.  ​All
figures in US dollars unless otherwise stated