Lyft (NASDAQ:LYFT – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Lyft (NASDAQ:LYFT – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The ride-sharing company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.14. Lyft had a negative net margin of 7.73% and a negative return on equity of 54.80%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. On average, analysts expect Lyft to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Lyft Trading Up 2.1 %
Shares of LYFT stock opened at $17.20 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of -19.33 and a beta of 2.05. The company has a 50-day simple moving average of $17.72 and a two-hundred day simple moving average of $14.48. Lyft has a 52-week low of $7.85 and a 52-week high of $20.82.
Insider Buying and Selling
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Argus raised shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, March 5th. Barclays boosted their price target on shares of Lyft from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Wells Fargo & Company raised their price target on Lyft from $15.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, April 8th. TD Cowen upped their price objective on Lyft from $10.00 to $12.00 and gave the company a “market perform” rating in a research report on Monday, January 22nd. Finally, Moffett Nathanson raised shares of Lyft from a “sell” rating to a “neutral” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.05.
View Our Latest Analysis on Lyft
About Lyft
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.
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