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

Shift Technologies

08/11/2022 23:37

* Shift Technologies Inc  SFT.OQ  reported a quarterly
adjusted
loss of 92 cents​​ per share for the quarter ended in September.
The mean expectation of ten analysts for the quarter was for a
loss of 44 cents per share.
    * Revenue fell 10% to $161.87 million from a year ago;
analysts
expected $143.51 million. 
    * Shift Technologies Inc's reported EPS for the quarter was
a loss
of 92 cents​.
    * The mean earnings estimate of analysts had risen by
about 7.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Shift Technologies Inc shares had fallen by 34.0% this
quarter and lost 86.4% so far this year.
    * The company reported a quarterly loss of $75.81 million.
    * Wall Street's median 12-month price target for Shift
Technologies Inc is $3.75 
    * 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." 

This summary was machine generated from Refinitiv data November
8 at 11:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.44          -0.92          Missed
 Jun. 30 2022      -0.55          -0.64          Missed
 Mar. 31 2022      -0.70          -0.70          Met
 Dec. 31 2021      -0.61          -0.70          Missed