Understanding the current state of the local economy, including its relative strengths and weaknesses, is necessary in order to formulate responses to existing and/or new economic challenges. What are new opportunities for job growth?.
How is the local economy doing compared to its neighbors and other communities in the state?.What is the current employment situation in the local economy?.What are the growing and declining sectors of the economy?.Even in the absence of major changes, local development officials and policy makers may want to know answers to questions such as: These changes can affect all or most of the sectors in an economy even though the transactions of one sector are seemingly unrelated to other sectors. Entry of new businesses, expansion of existing businesses, new government policies, national economic trends, and global economic events can greatly affect the economic condition of a locality. There are numerous reasons for local economic changes. This circular discusses two important economic development analytical tools-base analysis and shift-share analysis-that can be used by county Extension agents, local officials, planners, and economic development specialists to understand economic changes taking place in their community. Michael Patrick and Don Blayney College of Agricultural, Consumer and Environmental Sciences, New Mexico State UniversityĪuthors:Respectively, Community Resource and Economic Development Specialist and College Professor, Department of Agricultural Economics and Agricultural Business, New Mexico State University. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.Tools for Understanding Economic Change in Communities: Economic Base Analysis and Shift-Share AnalysisĬircular 643 Revised by J. Turning to the stock’s technical picture we see that short term indicators suggest on average that SFT is a 50% Sell. Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.02 billion, representing a 59.70% jump on that reported in the last financial year. The average forecast suggests up to a 50.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Per the data, EPS growth is expected to be -3.80% for 2022 and 19.50% for the next financial year.Īnalysts have a consensus estimate of $233.59 million for the company’s revenue for the quarter, with a low and high estimate of $222.9 million and $260 million respectively. Analysts project the company’s earnings per share (EPS) to be -$0.55, which has seen fiscal year 2022 EPS growth forecast to increase to -$2.21 and about -$1.78 for fiscal year 2023. Shift Technologies Inc.’s market cap currently stands at around $83.82 million, with investors looking forward to this quarter’s earnings report slated for – Mar 11, 2022. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for free. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. He buys up valuable assets when they are very cheap. The world's greatest investor - Warren Buffett - has a simple formula for making big money in the markets.
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