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Here's What Key Metrics Tell Us About Lyft (LYFT) Q1 Earnings

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For the quarter ended March 2026, Lyft (LYFT - Free Report) reported revenue of $1.65 billion, up 13.8% over the same period last year. EPS came in at $0.21, compared to $0.19 in the year-ago quarter.

The reported revenue represents a surprise of +1.82% over the Zacks Consensus Estimate of $1.62 billion. With the consensus EPS estimate being $0.30, the EPS surprise was -29.22%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Lyft performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Gross Bookings: $4.95 billion versus $4.93 billion estimated by six analysts on average.
  • Active Riders: 28.3 million versus the five-analyst average estimate of 28.42 million.
  • Rides: 236.9 million versus 243.69 million estimated by five analysts on average.

View all Key Company Metrics for Lyft here>>>

Shares of Lyft have returned +5.7% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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