HyreCar Inc. (NASDAQ:HYRE) is reporting third quarter financial results on Wednesday 11th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, HYRE is expected to report 3Q20 loss of $ 0.12 per share from revenue of $ 6.44 million.
For the full year, analysts anticipate top line of $ 25.33 million, while looking forward to loss of $ 0.68 per share bottom line.
Previous Quarter Performance
HyreCar Inc. outlined loss for the second quarter of $ 0.22 per share, from the revenue of $ 5.58 million. Street analysts expected HyreCar Inc. to report loss of $ 0.20 per share on revenue of $ 5.05 million for the second quarter. The bottom line results missed street analysts by $ 0.02 or 10 percent, at the same time, top line results outshined analysts by $ 0.53 million or 10.50 percent.
Stock Performance
Shares of HyreCar Inc. traded up $ 0.18 or 3.70 percent on Tuesday, reaching $ 5.05 with volume of 243.10 thousand shares. HyreCar Inc. has traded high as $ 5.15 and has cracked $ 4.75 on the downward trend
The closing price of $ 5.05, representing a 453.41 % increase from the 52 week low of $ 0.88 and a 5.44 % decrease over the 52 week high of $ 5.15.
The company has a market capital of $ 89.35 million and is part of the Industrials sector and Rental & Leasing Services industry.
Conference Call
HyreCar Inc. will be hosting a conference call at 4:30 PM eastern time on 11th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hyrecar.com
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.
