Lyft (LYFT) Projected to Post Earnings on Tuesday

Lyft (NASDAQ:LYFT) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Lyft to post earnings of $0.20 per share and revenue of $1.54 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The company’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) EPS. On average, analysts expect Lyft to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lyft Stock Up 2.0 %

Shares of NASDAQ LYFT opened at $13.81 on Tuesday. The company has a market capitalization of $5.73 billion, a P/E ratio of -86.31, a price-to-earnings-growth ratio of 1.86 and a beta of 2.14. Lyft has a 52-week low of $8.93 and a 52-week high of $20.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. The company’s 50 day moving average price is $14.45 and its 200-day moving average price is $13.44.

Insider Buying and Selling at Lyft

In other news, Director Logan Green sold 10,919 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total value of $188,352.75. Following the completion of the transaction, the director now owns 314,492 shares of the company’s stock, valued at $5,424,987. The trade was a 3.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $18.02, for a total transaction of $163,639.62. Following the completion of the transaction, the chief accounting officer now owns 332,243 shares of the company’s stock, valued at $5,987,018.86. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,242 shares of company stock valued at $427,330. 3.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LYFT shares. Piper Sandler restated an “overweight” rating and set a $23.00 price objective (up previously from $17.00) on shares of Lyft in a report on Thursday, November 7th. Morgan Stanley increased their price target on shares of Lyft from $16.50 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Bank of America dropped their price objective on shares of Lyft from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Benchmark upgraded shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, January 6th. Finally, DA Davidson raised their price objective on shares of Lyft from $11.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Twenty-seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.78.

Lyft Company Profile

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.