Trading Strategies For Lyft Stock Heading Into Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Lyft, Inc. is set to release its Q2 earnings after the markets close on Tuesday. The stock was up over 2% ahead of the event. Analysts estimate Lyft will report a loss of 1 cent per share on revenues of $1.018 billion. From a technical perspective, Lyft looks set to trade higher, having regained the 200-day simple moving average (SMA). However, holding a position in a stock over earnings can be risky.
August 08, 2023 | 7:11 pm
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Lyft's stock is up over 2% ahead of its Q2 earnings release. Analysts estimate a loss of 1 cent per share on revenues of $1.018 billion. The stock looks set to trade higher.
The anticipation of Lyft's Q2 earnings release has led to a rise in the stock price. Analysts' estimates of a loss of 1 cent per share on revenues of $1.018 billion, along with the stock's technical position, suggest a potential for the stock to trade higher.
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