Lyft (LYFT) Projected to Post Earnings on Tuesday

Lyft (NASDAQ:LYFT - Get Free Report) 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. Parties that are interested in registering for the company's conference call can do so using this link.

Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned ($0.02) EPS. 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 0.7 %

Shares of LYFT traded up $0.10 during trading hours on Friday, reaching $14.17. The stock had a trading volume of 20,350,985 shares, compared to its average volume of 15,146,448. The firm has a 50-day moving average of $14.16 and a 200 day moving average of $13.46. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. The company has a market cap of $5.88 billion, a P/E ratio of -88.56, a P/E/G ratio of 1.86 and a beta of 2.16. Lyft has a 52 week low of $8.93 and a 52 week high of $20.82.

Insider Activity

In other news, Director Logan Green sold 10,919 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total transaction of $188,352.75. Following the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group raised their price target on Lyft from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Susquehanna raised their target price on shares of Lyft from $10.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Bank of America reduced their price target on shares of Lyft from $21.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Wedbush dropped their price objective on shares of Lyft from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, Barclays boosted their price objective on shares of Lyft from $14.00 to $20.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Twenty-seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.78.

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.