Brokerages Anticipate HyreCar Inc (HYRE) to Announce -$0.13 Earnings Per Share

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Analysts expect that HyreCar Inc (NASDAQ:HYRE) will report earnings per share (EPS) of ($0.13) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for HyreCar’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.11). The firm is expected to issue its next quarterly earnings results on Thursday, March 21st.

According to Zacks, analysts expect that HyreCar will report full-year earnings of ($1.18) per share for the current fiscal year, with EPS estimates ranging from ($1.20) to ($1.16). For the next financial year, analysts expect that the company will post earnings of ($0.23) per share, with EPS estimates ranging from ($0.30) to ($0.16). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow HyreCar.

Several brokerages have issued reports on HYRE. Zacks Investment Research cut shares of HyreCar from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. ValuEngine cut shares of HyreCar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Northland Securities initiated coverage on shares of HyreCar in a research note on Monday, December 17th. They set an “outperform” rating on the stock.

In other news, Director Anshu Bansal sold 400,000 shares of the company’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $1.50, for a total transaction of $600,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in HyreCar stock. Jane Street Group LLC lifted its stake in shares of HyreCar Inc (NASDAQ:HYRE) by 300.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,079 shares of the company’s stock after purchasing an additional 81,068 shares during the quarter. Jane Street Group LLC owned about 0.92% of HyreCar worth $258,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.25% of the company’s stock.

Shares of HYRE opened at $6.91 on Thursday. HyreCar has a 1 year low of $1.54 and a 1 year high of $8.03.

About HyreCar

HyreCar Inc operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with DriveItAway and the PassTime to deliver dealer-focused vehicle tracking and inventory management solution.

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Earnings History and Estimates for HyreCar (NASDAQ:HYRE)

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