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In the latest trading session, Lyft (LYFT - Free Report) closed at $14.49, marking a +1.76% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.12%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.2%.
Coming into today, shares of the ride-hailing company had gained 10.73% in the past month. In that same time, the Computer and Technology sector gained 16.05%, while the S&P 500 gained 9.3%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company's earnings report is set to go public on May 7, 2026. On that day, Lyft is projected to report earnings of $0.3 per share, which would represent year-over-year growth of 57.89%. In the meantime, our current consensus estimate forecasts the revenue to be $1.61 billion, indicating a 11.36% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.54 per share and a revenue of $7.21 billion, indicating changes of +220.83% and +14.16%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lyft. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.74% lower. Lyft currently has a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Lyft currently has a Forward P/E ratio of 9.24. This indicates a discount in contrast to its industry's Forward P/E of 14.02.
We can additionally observe that LYFT currently boasts a PEG ratio of 0.38. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Services industry had an average PEG ratio of 2.1 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 175, finds itself in the bottom 29% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Lyft (LYFT) Rises Higher Than Market: Key Facts
In the latest trading session, Lyft (LYFT - Free Report) closed at $14.49, marking a +1.76% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.12%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.2%.
Coming into today, shares of the ride-hailing company had gained 10.73% in the past month. In that same time, the Computer and Technology sector gained 16.05%, while the S&P 500 gained 9.3%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company's earnings report is set to go public on May 7, 2026. On that day, Lyft is projected to report earnings of $0.3 per share, which would represent year-over-year growth of 57.89%. In the meantime, our current consensus estimate forecasts the revenue to be $1.61 billion, indicating a 11.36% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.54 per share and a revenue of $7.21 billion, indicating changes of +220.83% and +14.16%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lyft. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.74% lower. Lyft currently has a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Lyft currently has a Forward P/E ratio of 9.24. This indicates a discount in contrast to its industry's Forward P/E of 14.02.
We can additionally observe that LYFT currently boasts a PEG ratio of 0.38. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Services industry had an average PEG ratio of 2.1 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 175, finds itself in the bottom 29% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.