LYFT (LYFT) Set to Announce Earnings on Wednesday

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LYFT (NASDAQ:LYFT) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect LYFT to post earnings of ($1.66) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

LYFT (NASDAQ:LYFT) last announced its earnings results on Tuesday, May 7th. The ride-sharing company reported ($47.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($4.74) by ($42.39). The company had revenue of $776.03 million during the quarter, compared to analysts’ expectations of $744.09 million. On average, analysts expect LYFT to post $-12 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Shares of NASDAQ:LYFT opened at $59.51 on Tuesday. LYFT has a 12 month low of $47.17 and a 12 month high of $88.60. The business’s 50 day moving average price is $63.25.

Several equities research analysts recently commented on the company. Seaport Global Securities dropped their target price on LYFT from $42.00 to $35.00 and set a “sell” rating on the stock in a report on Tuesday, May 14th. DA Davidson set a $72.00 target price on LYFT and gave the stock a “buy” rating in a report on Tuesday, May 14th. Credit Suisse Group assumed coverage on LYFT in a report on Tuesday, April 23rd. They set an “outperform” rating and a $95.00 target price on the stock. Piper Jaffray Companies assumed coverage on LYFT in a report on Tuesday, April 23rd. They set an “overweight” rating and a $78.00 target price on the stock. Finally, Loop Capital assumed coverage on LYFT in a report on Tuesday, June 4th. They set a “hold” rating and a $60.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $71.44.

About LYFT

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.

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