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Market Overview

HyreCar's Earnings Outlook

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HyreCar (NASDAQ:HYRE) releases its next round of earnings this Tuesday, March 30. Here is Benzinga's essential guide to HyreCar's Q4 earnings report.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Sell-side analysts are expecting HyreCar's loss per share to be near $0.16 on sales of $6.84 million. In the same quarter last year, HyreCar reported EPS of $0.36 on revenue of $4.80 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to report earnings in line when it publishes results Tuesday, earnings would be up 55.56%. Sales would be up 42.5% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate -0.12 -0.20 -0.17 -0.18
EPS Actual -0.10 -0.22 -0.25 -0.36
Revenue Estimate 6.44 M 5.05 M 5.51 M 4.67 M
Revenue Actual 6.81 M 5.58 M 5.78 M 4.80 M

eps graph

Stock Performance

Shares of HyreCar were trading at $9.2 as of March 26. Over the last 52-week period, shares are up 571.32%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. HyreCar is scheduled to hold the call at 16:30:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings