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Stay Ahead of the Game With Lyft (LYFT) Q3 Earnings: Wall Street's Insights on Key Metrics
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Wall Street analysts expect Lyft (LYFT - Free Report) to post quarterly earnings of $0.43 per share in its upcoming report, which indicates a year-over-year increase of 65.4%. Revenues are expected to be $1.92 billion, up 14% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 5.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Lyft metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Gross Bookings' stands at $5.59 billion. Compared to the current estimate, the company reported $4.78 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Active Riders' will likely reach 31.48 million. The estimate compares to the year-ago value of 28.70 million.
Analysts forecast 'Rides' to reach 273.39 million. Compared to the current estimate, the company reported 248.80 million in the same quarter of the previous year.
Shares of Lyft have experienced a change of +5.7% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LYFT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Stay Ahead of the Game With Lyft (LYFT) Q3 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect Lyft (LYFT - Free Report) to post quarterly earnings of $0.43 per share in its upcoming report, which indicates a year-over-year increase of 65.4%. Revenues are expected to be $1.92 billion, up 14% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 5.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Lyft metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Gross Bookings' stands at $5.59 billion. Compared to the current estimate, the company reported $4.78 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Active Riders' will likely reach 31.48 million. The estimate compares to the year-ago value of 28.70 million.
Analysts forecast 'Rides' to reach 273.39 million. Compared to the current estimate, the company reported 248.80 million in the same quarter of the previous year.
View all Key Company Metrics for Lyft here>>>Shares of Lyft have experienced a change of +5.7% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), LYFT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .