Lyft (LYFT) Projected to Post Earnings on Tuesday

Lyft (NASDAQ:LYFT) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $1.54 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted ($0.02) earnings per share. Lyft’s quarterly revenue was up 31.6% compared to the same quarter last year. 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 2.0 %

NASDAQ:LYFT opened at $13.81 on Tuesday. The company has a 50 day simple moving average of $14.45 and a two-hundred day simple moving average of $13.44. The company has a market cap of $5.73 billion, a PE ratio of -86.31, a price-to-earnings-growth ratio of 1.86 and a beta of 2.14. Lyft has a 12 month low of $8.93 and a 12 month high of $20.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.

Insider Buying and Selling

In related news, Director Logan Green sold 10,919 shares of Lyft stock in a transaction dated Wednesday, November 27th. The stock was 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 directly owns 314,492 shares in the company, valued at approximately $5,424,987. This trade represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lindsay Catherine Llewellyn sold 4,242 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $17.76, for a total transaction of $75,337.92. Following the completion of the transaction, the insider now directly owns 755,847 shares in the company, valued at $13,423,842.72. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have 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

LYFT has been the subject of several research reports. UBS Group lowered their price target on shares of Lyft from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday. Tigress Financial increased their price objective on shares of Lyft from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their price target on shares of Lyft from $10.50 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Benchmark raised shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Monday, January 6th. Finally, Canaccord Genuity Group raised their price target on shares of Lyft from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Twenty-seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.