Lyft (LYFT) to Release Earnings on Tuesday

Lyft (NASDAQ:LYFT – Get Rating) will be announcing its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of ($0.58) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Lyft (NASDAQ:LYFT – Get Rating) last announced its earnings results on Tuesday, February 8th. The ride-sharing company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.10. Lyft had a negative return on equity of 57.94% and a negative net margin of 31.46%. The firm had revenue of $969.90 million during the quarter, compared to analyst estimates of $940.85 million. During the same period last year, the firm posted ($1.01) EPS. The business’s revenue was up 70.2% compared to the same quarter last year. On average, analysts expect Lyft to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of Lyft stock opened at $33.91 on Tuesday. The stock has a fifty day moving average price of $37.23 and a 200-day moving average price of $41.58. Lyft has a 1 year low of $32.35 and a 1 year high of $65.64. The firm has a market cap of $11.82 billion, a PE ratio of -11.19 and a beta of 1.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.13.

LYFT has been the subject of several recent research reports. Credit Suisse Group lifted their price objective on Lyft from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, February 7th. Barclays cut their target price on Lyft from $59.00 to $47.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 9th. Cowen cut their target price on Lyft from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, January 31st. Susquehanna Bancshares cut their target price on Lyft from $80.00 to $54.00 and set a “positive” rating for the company in a research note on Wednesday, February 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lyft in a research note on Friday, March 11th. They issued a “hold” rating and a $43.00 target price for the company. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $60.14.

In related news, insider Kristin Sverchek sold 3,938 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $40.00, for a total value of $157,520.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 15,491 shares of company stock worth $608,471. 5.77% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Neo Ivy Capital Management bought a new stake in Lyft in the fourth quarter worth $75,000. NEXT Financial Group Inc boosted its holdings in Lyft by 47.4% in the fourth quarter. NEXT Financial Group Inc now owns 2,623 shares of the ride-sharing company’s stock worth $112,000 after acquiring an additional 843 shares in the last quarter. Forum Financial Management LP bought a new stake in Lyft in the fourth quarter worth $210,000. JustInvest LLC boosted its holdings in Lyft by 45.4% in the fourth quarter. JustInvest LLC now owns 5,991 shares of the ride-sharing company’s stock worth $256,000 after acquiring an additional 1,870 shares in the last quarter. Finally, Toroso Investments LLC bought a new stake in Lyft in the fourth quarter worth $349,000. 80.44% of the stock is currently owned by institutional investors and hedge funds.

About Lyft (Get Rating)

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.

See Also