Lyft Earnings Preview
Portfolio Pulse from Benzinga Insights
Lyft (NASDAQ:LYFT) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $0.08. Despite past earnings beats, Lyft's stock has historically dropped following earnings announcements. Shares are currently trading at $13.03, up 21.38% over the last year. Investors are advised to pay attention to the company's guidance for future growth.
February 12, 2024 | 2:00 pm
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NEGATIVE IMPACT
Lyft is expected to report an EPS of $0.08 for the latest quarter. Historically, the stock has reacted negatively to earnings announcements, despite positive long-term performance.
Given Lyft's historical stock price drops following earnings announcements, despite beating EPS estimates, there's a likelihood of a short-term negative impact. However, the long-term bullish sentiment among shareholders could mitigate some of the immediate negative reactions, especially if the company provides positive future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100