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Lyft (LYFT) Registers a Bigger Fall Than the Market: Important Facts to Note
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Lyft (LYFT - Free Report) closed the most recent trading day at $16.91, moving -3.01% from the previous trading session. This change lagged the S&P 500's 0.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.
Shares of the ride-hailing company have appreciated by 18.17% over the course of the past month, outperforming the Computer and Technology sector's loss of 7.7%, and the S&P 500's loss of 1.21%.
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 November 5, 2026. The company is expected to report EPS of $0.43, up 65.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.92 billion, indicating a 13.98% upward movement from the same quarter last year.
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 +15.81%, respectively, from the former year.
Any recent changes to analyst estimates for Lyft should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 2.55% rise in the Zacks Consensus EPS estimate. Lyft is currently a Zacks Rank #3 (Hold).
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 10.59. This indicates a discount in contrast to its industry's Forward P/E of 14.91.
Investors should also note that LYFT has a PEG ratio of 0.53 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.63 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Lyft (LYFT) Registers a Bigger Fall Than the Market: Important Facts to Note
Lyft (LYFT - Free Report) closed the most recent trading day at $16.91, moving -3.01% from the previous trading session. This change lagged the S&P 500's 0.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.
Shares of the ride-hailing company have appreciated by 18.17% over the course of the past month, outperforming the Computer and Technology sector's loss of 7.7%, and the S&P 500's loss of 1.21%.
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 November 5, 2026. The company is expected to report EPS of $0.43, up 65.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.92 billion, indicating a 13.98% upward movement from the same quarter last year.
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 +15.81%, respectively, from the former year.
Any recent changes to analyst estimates for Lyft should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 2.55% rise in the Zacks Consensus EPS estimate. Lyft is currently a Zacks Rank #3 (Hold).
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 10.59. This indicates a discount in contrast to its industry's Forward P/E of 14.91.
Investors should also note that LYFT has a PEG ratio of 0.53 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.63 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.