Lyft, Inc. (NASDAQ:LYFT) is expected to report third quarter earnings results, after market close, on Tuesday 10th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.91 per share from revenue of $ 486.45 million.
Looking ahead, the full year loss are expected at $ 2.74 per share on the revenues of $ 2433.58 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,575.00 million ~ $ 4,650.00 million
Click Here For More Historical Outlooks Of Lyft, Inc.
Previous Quarter Performance
Lyft, Inc. posted loss for the second quarter of $ 0.86 per share, from the revenue of $ 339.35 million. The quarterly revenues decreased 60.87 percent compared with the same quarter last year. According to street consensus, LYFT was expected to report 2Q20 loss of $ 0.99 per share from revenue of $ 336.77 million. The bottom line results beat street analysts by $ 0.13 or 13.13 percent, at the same time, top line results outshined analysts by $ 2.58 million or 0.77 percent.
Stock Performance
Shares of Lyft, Inc. traded up $ 7.85 or 26.31 percent on Monday, reaching $ 37.69 with volume of 36.88 million shares. Lyft, Inc. has traded high as $ 37.98 and has cracked $ 34.96 on the downward trend
According to the previous trading day, closing price of $ 37.69, representing a 104.95 % increase from the 52 week low of $ 14.56 and a 45.25 % decrease over the 52 week high of $ 54.50.
The company has a market capital of $ 11.76 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 31.00 target price.
- On 25th September 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 38.00 target price.
Conference Call
Lyft, Inc. will be hosting a conference call at 4:30 PM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lyft.com
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company offers a multimodal platform that provides riders, personalized and on-demand access to various transportation options.
