Lyft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga11-06

Lyft, Inc. (NASDAQ:LYFT) will release earnings results for its third quarter, after the closing bell on Wednesday, Nov. 6.

Analysts expect the San Francisco, California-based bank to report quarterly earnings at 20 cents per share, down from 24 cents per share in the year-ago period. Lyft projects to report revenue of $1.44 billion for the recent quarter, compared to $1.14 billion a year earlier, according to data from Benzinga Pro.

On Oct. 30, DoorDash (NASDAQ:DASH) and Lyft announced a partnership to offer benefits on both rides and local delivery.

Lyft shares gained 1.6% to close at $13.80 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Benchmark analyst Michael Ward initiated coverage on the stock with a Hold rating on Oct. 25. This analyst has an accuracy rate of 77%.
  • UBS analyst Lloyd Walmsley maintained a Neutral rating and raised the price target from $12 to $13 on Oct. 18. This analyst has an accuracy rate of 85%.
  • Cantor Fitzgerald analyst Deepak Mathivanan reiterated a Neutral rating with a price target of $13 on Sept. 30. This analyst has an accuracy rate of 78%.
  • Raymond James analyst Josh Beck reinstated a Market Perform rating on Sept. 24. This analyst has an accuracy rate of 77%.
  • Loop Capital analyst Rob Sanderson maintained a Buy rating and slashed the price target from $20 to $16 on Sept. 3. This analyst has an accuracy rate of 72%.

Considering buying LYFT stock? Here’s what analysts think:

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