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Recap: Shift Techs Q1 Earnings

Shift Techs (NASDAQ:SFT) reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM. Here’s what…
byBenzinga Insights
May 11, 2023
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Shift Techs (NASDAQ:SFT) reported its Q1 earnings results on Thursday, May 11, 2023 at 04:05 PM.

Here’s what investors need to know about the announcement.

Earnings

Shift Techs missed estimated earnings by 12.25%, reporting an EPS of $-2.84 versus an estimate of $-2.53.

Revenue was down $161.89 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.18 which was followed by a 27.38% drop in the share price the next day.

Here’s a look at Shift Techs’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -4.68 -4.3 -5.5 -7
EPS Actual -4.50 -9.2 -6.4 -7
Revenue Estimate 73.20M 143.71M 233.99M 209.25M
Revenue Actual 65.57M 161.87M 223.73M 219.58M

To track all earnings releases for Shift Techs visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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