Zacks: Analysts Expect HyreCar Inc (HYRE) Will Announce Earnings of -$0.13 Per Share

Equities research analysts forecast that HyreCar Inc (NASDAQ:HYRE) will report earnings of ($0.13) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for HyreCar’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.15). The firm is expected to announce its next quarterly earnings report on Thursday, March 14th.

According to Zacks, analysts expect that HyreCar will report full-year earnings of ($1.18) per share for the current year, with EPS estimates ranging from ($1.20) to ($1.16). For the next financial year, analysts anticipate 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 earnings per share averages are an average based on a survey of research firms that follow HyreCar.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded HyreCar from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. ValuEngine lowered HyreCar from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Northland Securities assumed coverage on HyreCar in a report on Monday, December 17th. They issued an “outperform” rating on the stock.

NASDAQ:HYRE traded down $0.42 on Thursday, hitting $6.57. The stock had a trading volume of 1,113,941 shares, compared to its average volume of 703,357. HyreCar has a 52 week low of $1.54 and a 52 week high of $7.65.

In other news, Director Anshu Bansal sold 400,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $1.50, for a total value of $600,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

An institutional investor recently raised its position in HyreCar stock. Jane Street Group LLC increased its holdings in shares of HyreCar Inc (NASDAQ:HYRE) by 300.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,079 shares of the company’s stock after acquiring an additional 81,068 shares during the quarter. Jane Street Group LLC owned approximately 0.92% of HyreCar worth $258,000 as of its most recent SEC filing. 6.25% of the stock is currently owned by hedge funds and other institutional investors.

HyreCar Company Profile

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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