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Lyft (LYFT) Dips More Than Broader Market: What You Should Know
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Lyft (LYFT - Free Report) ended the recent trading session at $16.09, demonstrating a -1.95% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.82%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
The ride-hailing company's stock has climbed by 7.89% in the past month, exceeding the Computer and Technology sector's loss of 6.04% and the S&P 500's gain of 0.71%.
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. In that report, analysts expect Lyft to post earnings of $0.43 per share. This would mark year-over-year growth of 65.38%. At the same time, our most recent consensus estimate is projecting a revenue of $1.92 billion, reflecting a 13.98% rise from the equivalent quarter last year.
LYFT's full-year Zacks Consensus Estimates are calling for earnings of $1.65 per share and revenue of $7.31 billion. These results would represent year-over-year changes of +243.75% and +15.81%, respectively.
It is also important to note the recent changes to analyst estimates for Lyft. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.55% higher. Currently, Lyft is carrying a Zacks Rank of #3 (Hold).
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 9.97. For comparison, its industry has an average Forward P/E of 14.47, which means Lyft is trading at a discount to the group.
Meanwhile, LYFT's PEG ratio is currently 0.5. 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 average PEG ratio for the Internet - Services industry stood at 0.83 at the close of the market yesterday.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 173, this industry ranks in the bottom 30% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Lyft (LYFT) Dips More Than Broader Market: What You Should Know
Lyft (LYFT - Free Report) ended the recent trading session at $16.09, demonstrating a -1.95% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.82%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw a decrease of 2.86%.
The ride-hailing company's stock has climbed by 7.89% in the past month, exceeding the Computer and Technology sector's loss of 6.04% and the S&P 500's gain of 0.71%.
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. In that report, analysts expect Lyft to post earnings of $0.43 per share. This would mark year-over-year growth of 65.38%. At the same time, our most recent consensus estimate is projecting a revenue of $1.92 billion, reflecting a 13.98% rise from the equivalent quarter last year.
LYFT's full-year Zacks Consensus Estimates are calling for earnings of $1.65 per share and revenue of $7.31 billion. These results would represent year-over-year changes of +243.75% and +15.81%, respectively.
It is also important to note the recent changes to analyst estimates for Lyft. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.55% higher. Currently, Lyft is carrying a Zacks Rank of #3 (Hold).
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 9.97. For comparison, its industry has an average Forward P/E of 14.47, which means Lyft is trading at a discount to the group.
Meanwhile, LYFT's PEG ratio is currently 0.5. 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 average PEG ratio for the Internet - Services industry stood at 0.83 at the close of the market yesterday.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 173, this industry ranks in the bottom 30% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.