Steer Technologies Past Earnings Performance
Past criteria checks 3/6
Steer Technologies's earnings have been declining at an average annual rate of -7.5%, while the Transportation industry saw earnings growing at 13.8% annually. Revenues have been growing at an average rate of 66.7% per year. Steer Technologies's return on equity is 62.8%, and it has net margins of 43.7%.
Key information
-7.5%
Earnings growth rate
3.1%
EPS growth rate
| Transportation Industry Growth | 13.8% |
| Revenue growth rate | 66.7% |
| Return on equity | 62.8% |
| Net Margin | 43.7% |
| Last Earnings Update | 30 Sep 2023 |
Revenue & Expenses BreakdownBeta
How Steer Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 32 | 14 | 12 | 1 |
| 30 Jun 23 | 45 | 12 | 16 | 2 |
| 31 Mar 23 | 59 | 5 | 20 | 2 |
| 31 Dec 22 | 55 | -33 | 23 | 3 |
| 30 Sep 22 | 50 | -30 | 23 | 3 |
| 30 Jun 22 | 44 | -32 | 24 | 3 |
| 31 Mar 22 | 33 | -32 | 23 | 2 |
| 31 Dec 21 | 25 | -29 | 22 | 2 |
| 30 Sep 21 | 18 | -28 | 23 | 2 |
| 30 Jun 21 | 11 | -22 | 20 | 2 |
| 31 Mar 21 | 6 | -21 | 20 | 2 |
| 31 Dec 20 | 4 | -17 | 16 | 1 |
| 30 Sep 20 | 1 | -14 | 12 | 1 |
| 30 Jun 20 | 1 | -13 | 10 | 1 |
| 31 Mar 20 | 1 | -8 | 5 | 1 |
| 31 Dec 19 | 1 | -7 | 4 | 1 |
| 30 Sep 19 | 0 | -6 | 3 | 1 |
| 30 Jun 19 | 0 | -3 | 2 | 1 |
| 31 Mar 19 | 0 | -3 | 2 | 1 |
| 31 Dec 18 | 0 | -2 | 2 | 0 |
Quality Earnings: STER has a high level of non-cash earnings.
Growing Profit Margin: STER became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: STER has become profitable over the past 5 years, growing earnings by -7.5% per year.
Accelerating Growth: STER has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: STER has become profitable in the last year, making it difficult to compare its past year earnings growth to the Transportation industry (-38.7%).
Return on Equity
High ROE: STER's Return on Equity (62.8%) is considered outstanding.