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Lyft (LYFT) Declines More Than Market: Some Information for Investors
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In the latest close session, Lyft (LYFT - Free Report) was down 1.98% at $16.82. This move lagged the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
The ride-hailing company's shares have seen an increase of 10.71% over the last month, surpassing the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Lyft in its upcoming release. The company plans to announce its earnings on November 5, 2026. The company's upcoming EPS is projected at $0.43, signifying a 65.38% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 14.25% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.65 per share and a revenue of $7.31 billion, indicating changes of +243.75% and +15.8%, respectively, from the former year.
Investors should also take note of any recent adjustments to 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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, there's been a 9.77% rise in the Zacks Consensus EPS estimate. Lyft currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Lyft is holding a Forward P/E ratio of 10.42. This indicates a discount in contrast to its industry's Forward P/E of 14.82.
One should further note that LYFT currently holds a PEG ratio of 0.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 172, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Lyft (LYFT) Declines More Than Market: Some Information for Investors
In the latest close session, Lyft (LYFT - Free Report) was down 1.98% at $16.82. This move lagged the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
The ride-hailing company's shares have seen an increase of 10.71% over the last month, surpassing the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Lyft in its upcoming release. The company plans to announce its earnings on November 5, 2026. The company's upcoming EPS is projected at $0.43, signifying a 65.38% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 14.25% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.65 per share and a revenue of $7.31 billion, indicating changes of +243.75% and +15.8%, respectively, from the former year.
Investors should also take note of any recent adjustments to 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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, there's been a 9.77% rise in the Zacks Consensus EPS estimate. Lyft currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Lyft is holding a Forward P/E ratio of 10.42. This indicates a discount in contrast to its industry's Forward P/E of 14.82.
One should further note that LYFT currently holds a PEG ratio of 0.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 172, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.