Lyft (LYFT) Set to Announce Quarterly Earnings on Tuesday

Lyft (NASDAQ:LYFT - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Lyft (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The ride-sharing company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.14. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.22 billion. 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 4.0 %

NASDAQ:LYFT traded down $0.66 during trading hours on Tuesday, hitting $15.64. 8,765,810 shares of the company traded hands, compared to its average volume of 16,288,968. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.55. The firm's 50-day simple moving average is $17.71 and its 200-day simple moving average is $14.32. Lyft has a one year low of $7.85 and a one year high of $20.82. The company has a market cap of $6.25 billion, a PE ratio of -18.31 and a beta of 1.97.

Insider Activity

In other news, Director John Patrick Zimmer sold 15,724 shares of Lyft stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $17.51, for a total transaction of $275,327.24. Following the completion of the sale, the director now owns 1,204,071 shares in the company, valued at approximately $21,083,283.21. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director John Patrick Zimmer sold 15,724 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $17.51, for a total value of $275,327.24. Following the completion of the sale, the director now owns 1,204,071 shares in the company, valued at approximately $21,083,283.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Logan Green sold 11,867 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $15.69, for a total value of $186,193.23. Following the completion of the sale, the director now owns 346,341 shares of the company's stock, valued at approximately $5,434,090.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 270,526 shares of company stock worth $5,195,771. 3.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LYFT has been the topic of several recent analyst reports. Barclays raised their price objective on Lyft from $14.00 to $17.00 and gave the company an "equal weight" rating in a research note on Thursday, February 15th. Wells Fargo & Company raised their price objective on Lyft from $15.00 to $18.00 and gave the company an "equal weight" rating in a research note on Monday, April 8th. Argus upgraded Lyft from a "hold" rating to a "buy" rating and set a $20.00 price objective on the stock in a research note on Tuesday, March 5th. Tigress Financial lifted their target price on Lyft from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group cut Lyft from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $12.00 to $15.00 in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.60.

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.