Lyft (LYFT) to Release Quarterly Earnings on Thursday

Lyft (NASDAQ:LYFT) is expected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $1.47 billion for the quarter.

Lyft (NASDAQ:LYFT) last announced its earnings results on Tuesday, February 11th. The ride-sharing company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). Lyft had a net margin of 0.39% and a return on equity of 8.03%. On average, analysts expect Lyft to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lyft Stock Down 1.1 %

Shares of NASDAQ:LYFT opened at $12.40 on Thursday. The company has a 50 day moving average of $11.76 and a two-hundred day moving average of $13.61. Lyft has a 52-week low of $8.93 and a 52-week high of $19.07. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 206.67, a price-to-earnings-growth ratio of 1.90 and a beta of 2.13.

Lyft declared that its board has authorized a share repurchase plan on Tuesday, February 11th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the ride-sharing company to purchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Logan Green sold 11,411 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $13.34, for a total value of $152,222.74. Following the completion of the sale, the director now owns 297,640 shares in the company, valued at $3,970,517.60. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Patrick Zimmer sold 2,424 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $12.52, for a total value of $30,348.48. Following the transaction, the director now directly owns 911,922 shares of the company’s stock, valued at $11,417,263.44. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,407 shares of company stock worth $203,778. 3.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Roth Capital reiterated a “neutral” rating on shares of Lyft in a research note on Wednesday, February 12th. UBS Group cut their target price on Lyft from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Lyft from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Cantor Fitzgerald cut their price target on shares of Lyft from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Truist Financial decreased their price objective on shares of Lyft from $20.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.45.

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.