Lyft (LYFT) to Release Quarterly Earnings on Tuesday

Lyft (NASDAQ:LYFT - Get Free Report) will likely be issuing its Q4 2024 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. Persons that wish to register for the company's earnings conference call can do so using this link.

Lyft (NASDAQ:LYFT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The ride-sharing company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.10). Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. 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 7.9 %

Shares of LYFT traded down $1.14 during mid-day trading on Wednesday, reaching $13.25. The company's stock had a trading volume of 87,791,247 shares, compared to its average volume of 19,802,020. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.75. Lyft has a 12-month low of $8.93 and a 12-month high of $20.82. The stock has a market cap of $5.50 billion, a PE ratio of -82.81, a price-to-earnings-growth ratio of 1.94 and a beta of 2.16. The company's 50 day moving average is $14.00 and its 200 day moving average is $13.52.

Lyft announced that its board has authorized a share repurchase program on Tuesday, February 11th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the ride-sharing company to buy up to 8.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Lyft news, Director Logan Green sold 10,919 shares of the firm's 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 sale, the director now directly owns 314,492 shares of the company's stock, valued at approximately $5,424,987. This trade represents a 3.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LYFT. Barclays lowered their target price on shares of Lyft from $20.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday. TD Cowen raised their price objective on Lyft from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Needham & Company LLC reiterated a "hold" rating on shares of Lyft in a research report on Wednesday. DA Davidson decreased their target price on Lyft from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Bank of America lifted their price target on Lyft from $19.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday. Twenty-seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.31.

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.