Will stock surge before Earnings results? Lyft (NASDAQ:LYFT)

Earnings results for Lyft (NASDAQ:LYFT)

Lyft, Inc. is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.97. The reported EPS for the same quarter last year was $-0.88.

Lyft last announced its quarterly earnings data on February 8th, 2021. The ride-sharing company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.13. The business had revenue of $569.90 million for the quarter, compared to the consensus estimate of $556.70 million. Lyft has generated ($9.90) earnings per share over the last year. Lyft has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Lyft will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Lyft (NASDAQ:LYFT)

32 Wall Street analysts have issued ratings and price targets for Lyft in the last 12 months. Their average twelve-month price target is $65.22, predicting that the stock has a possible upside of 17.17%. The high price target for LYFT is $88.00 and the low price target for LYFT is $30.00. There are currently 9 hold ratings and 23 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Lyft has received a consensus rating of Buy. The company’s average rating score is 2.72, and is based on 23 buy ratings, 9 hold ratings, and no sell ratings. According to analysts’ consensus price target of $65.22, Lyft has a forecasted upside of 17.2% from its current price of $55.66. Lyft has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Lyft (NASDAQ:LYFT)

Lyft does not currently pay a dividend. Lyft does not have a long track record of dividend growth.

Insiders buying/selling: Lyft (NASDAQ:LYFT)

In the past three months, Lyft insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $311,387,156.00 in company stock. Only 22.86% of the stock of Lyft is held by insiders. 71.33% of the stock of Lyft is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lyft (NASDAQ:LYFT

Earnings for Lyft are expected to grow in the coming year, from ($4.68) to ($3.11) per share. The P/E ratio of Lyft is -10.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Lyft is -10.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Lyft has a P/B Ratio of 5.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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