![]() It's pretty clear that there is an expectation that Shift Technologies' revenue growth will slow down substantially, with revenues to the end of 2021 expected to display 123% growth on an annualised basis. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Shift Technologies' past performance and to peers in the same industry. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. The most optimistic Shift Technologies analyst has a price target of US$17.00 per share, while the most pessimistic values it at US$9.00. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There was no major change to the consensus price target of US$13.63, with growing revenues seemingly enough to offset the concern of growing losses. It looks like the revenue growth will not be achieved without incremental costs. So there's been quite a change-up of views after the recent consensus updates, with the analysts significantly increasing their revenue forecasts while also expecting losses per share to increase. Before this earnings announcement, the analysts had been modelling revenues of US$509.3m and losses of US$1.85 per share in 2021. Per-share losses are predicted to creep up to US$1.89. Taking into account the latest results, the consensus forecast from Shift Technologies' nine analysts is for revenues of US$588.3m in 2021, which would reflect a sizeable 49% improvement in sales compared to the last 12 months. NasdaqCM:SFT Earnings and Revenue Growth August 14th 2021 ![]() We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. The company still lost US$0.41 per share, although the losses were marginally smaller than the analysts expected. Revenues were better than expected, with US$155m in sales some 20% ahead of forecasts. (NASDAQ:SFT) investors will be delighted, with the company turning in some strong numbers with its latest results.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |