In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HyreCar has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

OTCPK:HYRE.Q - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2022	40	-18	-12	-12	N/A
6/30/2022	39	-19	-18	-18	N/A
3/31/2022	38	-24	-15	-14	N/A
12/31/2021	36	-26	-18	-18	N/A
9/30/2021	33	-28	-16	-16	N/A
6/30/2021	30	-24	-10	-10	N/A
3/31/2021	27	-18	-12	-12	N/A
12/31/2020	25	-15	-8	-8	N/A
9/30/2020	23	-15	-8	-8	N/A
6/30/2020	20	-17	-11	-11	N/A
3/31/2020	18	-15	-10	-10	N/A
12/31/2019	16	-13	-8	-8	N/A
9/30/2019	14	-10	-8	-7	N/A
6/30/2019	13	-8	-7	-7	N/A
3/31/2019	12	-11	-6	-6	N/A
12/31/2018	10	-11	-7	-7	N/A
9/30/2018	8	-10	-5	-5	N/A
6/30/2018	6	-9	-3	-3	N/A
3/31/2018	4	-5	-4	-4	N/A
12/31/2017	3	-4	-3	-3	N/A
9/30/2017	2	-3	-2	-2	N/A
12/31/2016	1	-1	-1	-1	N/A
12/31/2015	0	0	N/A	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HYRE.Q's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if HYRE.Q's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if HYRE.Q's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if HYRE.Q's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if HYRE.Q's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HYRE.Q's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/05 01:30
End of Day Share Price	2023/10/05 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HyreCar Inc. is covered by 6 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Thomas White	D.A. Davidson & Co.
Jon Hickman	Ladenburg Thalmann & Company
Mark Argento	Lake Street Capital Markets, LLC

HyreCar Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus forecasts updated

HyreCar Inc. Revises Revenue Guidance for the Second Quarter of 2022

No longer forecast to breakeven

Consensus revenue estimates fall by 19%

No longer forecast to breakeven

Price target decreased to US$16.30

Recent updates

Glancy Prongay & Murray LLP Announces Proposed Settlement on Behalf of Purchasers of HyreCar Inc

Motion for Asset Sale Approved for HyreCar Inc.

Motion for Asset Sale Filed by HyreCar Inc.

HyreCar Inc.(NasdaqCM:HYRE) dropped from NASDAQ Composite Index

HyreCar Inc. Terminates Michael Furnari as Chief Business Development Officer

HyreCar Inc. Appoints Eduardo Iniguez as Chief Financial Officer

HyreCarInc.'s Securities to Be Delisted from the Nasdaq Capital Market

HyreCar Inc. Appoints Eduardo Iniguez as Interim CEO

Insufficient new directors

HyreCar Inc. Receives a Letter from Nasdaq Regarding Minimum Bid Price

HyreCar Inc. to Report Q3, 2022 Results on Nov 14, 2022

HyreCar - Great Potential But Not For The Faint Of Heart

HyreCar: Reinvigorating Growth But Caution Remains Warranted

HyreCar Inc. announced that it has received $4.999999 million in funding

Hyrecar Appoints Eduardo Iniguez as Interim CFO

HyreCar appoints Eduardo Iniguez as interim CFO

Consensus forecasts updated

HyreCar surges on securing $100M credit line; sees significant fleet growth

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

HyreCar GAAP EPS of -$0.20 beats by $0.04, revenue of $10.51M beats by $0.14M

HyreCar Inc. to Report Q2, 2022 Results on Aug 15, 2022

HyreCar Receives Non-Compliance Letter from Nasdaq

Insufficient new directors

HyreCar Inc. Revises Revenue Guidance for the Second Quarter of 2022

HyreCar stock higher after revising Q2 revenue guidance based on strong performance

Insufficient new directors

HyreCar Inc. Receives Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard from Nasdaq

HyreCar: There's Still Hope Here

Hyrecar Inc. Announces Executive Changes

First quarter 2022 earnings: EPS exceeds analyst expectations

HyreCar (NASDAQ:HYRE) Will Have To Spend Its Cash Wisely

HyreCar Inc. to Report Q1, 2022 Results on May 16, 2022

HyreCar Inc., Annual General Meeting, Jun 23, 2022

No longer forecast to breakeven

HyreCar Needs To Reinvigorate Growth And Address Near-Term Capital Needs

Time To Worry? Analysts Just Downgraded Their HyreCar Inc. (NASDAQ:HYRE) Outlook

Consensus revenue estimates fall by 19%

No longer forecast to breakeven

HyreCar Inc. Announces Executive Changes

HyreCar: Elevated Risks, But Worth Buying The Dip

Price target decreased to US$16.30

Third quarter 2021 earnings released: US$0.29 loss per share (vs US$0.10 loss in 3Q 2020)

HyreCar: With Some Faith, This Stock Is Still A Winner

HYRE Investors Have Opportunity to Lead HyreCar Inc. Securities Fraud Lawsuit

Chief Technology Officer notifies of intention to sell stock

Is HyreCar (NASDAQ:HYRE) Using Debt In A Risky Way?

Robbins Geller Rudman & Dowd LLP Files Class Action Suit against HyreCar Inc

HyreCar - Selloff On Delayed Profitability And Financing Issues At Key Strategic Partner

Consensus revenue estimates fall to US$38.4m

Analysts Just Slashed Their HyreCar Inc. (NASDAQ:HYRE) EPS Numbers

Forecast breakeven pushed back to 2023

Second quarter 2021 earnings released: US$0.46 loss per share (vs US$0.22 loss in 2Q 2020)

Price target increased to US$17.80

Chief Financial Officer Robert Brogi has left the company

HyreCar: The Growth Kick Is Still Alive, But Take Care To Lock In Gains Soon

Insider recently sold US$311k worth of stock

Independent Director recently sold US$142k worth of stock

Consensus forecasts updated

Is HyreCar (NASDAQ:HYRE) A Risky Investment?

First quarter 2021 earnings released: US$0.38 loss per share (vs US$0.25 loss in 1Q 2020)

Consensus EPS estimates fall to -US$0.23

Full year 2020 earnings released: US$0.87 loss per share (vs US$0.90 loss in FY 2019)

HyreCar Inc. (NASDAQ:HYRE): When Will It Breakeven?

HyreCar Inc. Announces Executive Leadership Appointments

HyreCar Inc. has completed a Follow-on Equity Offering in the amount of $25.85 million.

HyreCar shares slide on raising $25.85M capital through equity offering

Rainbows and Unicorns: HyreCar Inc. (NASDAQ:HYRE) Analysts Just Became A Lot More Optimistic

Price target raised to US$9.50

HyrecCar Partners with AmeriDrive Holdings to Create National Network of Vehicle Supply and Fleet Maintenance Operations