Lyft (LYFT) Set to Announce Earnings on Wednesday

Lyft (NASDAQ:LYFT - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Lyft to post earnings of $0.20 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Lyft (NASDAQ:LYFT - Get Free Report) last released its earnings results on Wednesday, August 7th. The ride-sharing company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. Lyft had a negative return on equity of 8.57% and a negative net margin of 1.27%. The business's quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share.

Lyft Price Performance

Shares of NASDAQ LYFT traded down $0.24 during midday trading on Wednesday, hitting $13.67. The stock had a trading volume of 10,789,246 shares, compared to its average volume of 14,740,591. The company has a market capitalization of $5.52 billion, a PE ratio of -29.60 and a beta of 2.04. The stock has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $13.63. Lyft has a 1 year low of $8.85 and a 1 year high of $20.82. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.00.

Insiders Place Their Bets

In other Lyft news, Director John Patrick Zimmer sold 7,188 shares of Lyft stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $11.40, for a total transaction of $81,943.20. Following the completion of the sale, the director now directly owns 932,062 shares of the company's stock, valued at $10,625,506.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director John Patrick Zimmer sold 7,188 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $11.40, for a total value of $81,943.20. Following the completion of the sale, the director now directly owns 932,062 shares of the company's stock, valued at approximately $10,625,506.80. The trade was a 0.00 % decrease in their position. 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 4,243 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $12.00, for a total value of $50,916.00. Following the completion of the sale, the insider now directly owns 760,089 shares of the company's stock, valued at $9,121,068. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,664 shares of company stock valued at $380,048 in the last ninety days. Insiders own 3.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LYFT shares. Barclays decreased their target price on Lyft from $20.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Canaccord Genuity Group reduced their price objective on Lyft from $23.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC reiterated a "hold" rating on shares of Lyft in a research report on Wednesday, August 7th. Nomura Securities upgraded Lyft from a "strong sell" rating to a "hold" rating in a research report on Friday, August 23rd. Finally, Nomura upgraded Lyft from a "reduce" rating to a "neutral" rating and reduced their price objective for the stock from $15.00 to $13.00 in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $15.59.

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.