Lyft Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Lyft, Inc. (NASDAQ:LYFT) is anticipated to release its Q4 earnings on Feb. 13, 2024, with analysts expecting a decrease in earnings per share from 29 cents a year ago to 8 cents. Revenue is projected to rise slightly from $1.18 billion to $1.22 billion. The company's shares dropped 4.8% to $12.40 following a Q3 loss report. Analysts from Goldman Sachs, BMO Capital, Wedbush, Truist Securities, and Wells Fargo have recently updated their ratings and price targets for Lyft, with adjustments reflecting a cautious but slightly improved outlook.
February 13, 2024 | 3:09 pm
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Lyft is expected to report a decrease in EPS to 8 cents for Q4, with a slight revenue increase. The company's shares fell 4.8% after a Q3 loss. Analysts have updated their ratings and price targets, indicating a cautiously optimistic outlook.
The anticipation of Lyft's Q4 earnings reflects a mixed outlook with a projected decrease in EPS but a slight increase in revenue. The recent drop in share price following the Q3 earnings miss may have already adjusted market expectations, leading to a neutral short-term impact. Analysts' updated ratings and price targets suggest a cautious but slightly improved outlook, which could stabilize the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100