Shift Technologies Inc - Class A logo

SFT

Shift Technologies Inc - Class A

$1.08

Earnings Summary

Revenue
$219.58Mn
Net Profits
$-57.05Mn
Net Profit Margins
-25.98%

Highlights

Revenue:

Shift Technologies Inc - Class A’s revenue jumped 107.14% since last year same period to $219.58Mn in the Q1 2022. On a quarterly growth basis, Shift Technologies Inc - Class A has generated 258.62% jump in its revenue since last 3-months.

Net Profits:

Shift Technologies Inc - Class A’s net profit fell -33.43% since last year same period to $-57.05Mn in the Q1 2022. On a quarterly growth basis, Shift Technologies Inc - Class A has generated -4.75% fall in its net profits since last 3-months.

Net Profit Margins:

Shift Technologies Inc - Class A’s net profit margin jumped 35.59% since last year same period to -25.98% in the Q1 2022. On a quarterly growth basis, Shift Technologies Inc - Class A has generated -166.04% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Shift Technologies Inc - Class A post its latest quarter earnings

EPS Estimate Current Quarter
-0.55
EPS Estimate Current Year
-0.55

Highlights

EPS Estimate Current Quarter:

Shift Technologies Inc - Class A’s earning per share (EPS) estimates for the current quarter stand at -0.55 - a 21.43% jump from last quarter’s estimates.

EPS Estimate Current Year:

Shift Technologies Inc - Class A’s earning per share (EPS) estimates for the current year stand at -0.55.

Key Ratios

Key ratios of the Shift Technologies Inc - Class A post its Q1 2022 earnings

Earning Per Share (EPS)
-0.7
Return on Assets (ROA)
-0.35
Return on Equity (ROE)
-3.23
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Shift Technologies Inc - Class A’s earning per share (EPS) fell -27.27% since last year same period to -0.7 in the Q1 2022. This indicates that the Shift Technologies Inc - Class A has generated -27.27% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Shift Technologies Inc - Class A’s return on assets (ROA) stands at -0.35.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Shift Technologies Inc - Class A’s return on equity (ROE) stands at -3.23.

Dividend Per Share (DPS):

Shift Technologies Inc - Class A declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-10
-0.7
-0.7
0%

Company Information

Shift is a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. Shift’s mission is to make car purchase and ownership simple — to make buying or selling a used car fun, fair, and accessible to everyone. Shift provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive brought to you before buying the car, a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership.

Organisation
Shift Technologies Inc - Class A
Headquarters
San Francisco, California, United States
Employees
824
Industry
Finance