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Current Change:: Lyft, Inc., (NASDAQ: LYFT)
By: NyseStockAlerts | March 23, 2020
On Friday Shares of Lyft, Inc., (NASDAQ: LYFT) generated a change of 2.75% and closed at $21.27
EPS growth is a significant number as it suggests the performance of a company. It is generally exposed as a percentage and is then referred to as the E-P-S growth rate. Growth in E-P-S is an essential measure of administration performance because it shows how much money the company is making for its investors or stakeholders, just not changes in profit but also after-effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
Lyft, Inc., NASDAQ: LYFT):
Lyft, Inc., belongs to the Technology sector and Application Software industry. The company’s Market capitalization is 5.06B with the total Outstanding Shares of «Outstanding». LYFT stock construct a change of 2.75 in a total of its share price and finished its trading at 21.27.
Lyft, Inc. institutional ownership is held at 61.10% while insider ownership was 1.30%. As of now, LYFT has a P/S, P/E and P/B values of 1.40, 0.00 and 2.24 respectively. Its P/Cash is valued at 1.77.
The stock has observed its SMA50, which is now -48.84%. In looking at the SMA 200, we see that the stock has seen a -56.03%..
Profitability ratios:
Looking into the profitability ratios of LYFT stock, an investor will find its ROE, ROA, ROI standing at -200.60%, -51.10% and -94.80%, respectively.
Earnings per Share Details of Lyft, Inc.:
The E-P-S of LYFT is strolling at -8.97, counting Earning per Share growth this year at -258.80%. As a result, the company has an earning per share growth of 60.90% for the next year.
Given the importance of recognizing companies that will make sure earnings per share at a high value, we later obsession to umpire how to recognize which companies will get high amassing standards. One major show off to recognize high annual net index count combined of all companies, which are to mention the companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
We can’t have too much stability the once will always reflect the difficulty, but practically United State stock exchange which has grown earnings per allowance sharply in the after are an excellent results makes a continuing effect is a finding of continues struggle.
Analyst’s mean target price(TP) for the company is 63.44 while analysts mean suggestion is 2.20.
A beta(B) factor is used to measure the volatility of the stock. The stock remained 24.89% volatile for the week and 12.83% for the month.
Historical Performance Of LYFT In The News:
Taking a look at the performance of Lyft, Inc. stock, a stockholder knows that the weekly performance for this stock is valued at -12.00%, resulting in a performance for the month at -53.22%.
Therefore, the stated figure shows a four-month performance of -54.75%, bringing the 6-month working result to -55.01% and YTD performance of -50.56%. As of now, Lyft, Inc. has a P/S, P/E and P/B values of 1.40, and 2.24 respectively. Its P/Cash is valued at 1.77.
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Lyft will deliver food and medical supplies during the coronavirus crisis
By: Reuters | March 22, 2020
• The company's co-founders will also donate their salaries to help drivers.
With the coronavirus outbreak in the US worsening, Lyft says it plans to expand its operations to include the delivery of food and medical supplies. The move comes as demand for the company's ride-hailing services falls off due to the pandemic. "This work helps create new opportunities for drivers, provides rides to those in need, and helps distribute essential goods," the company said on its website.
At the moment, the initiative includes three parts. To start, the company's drivers will deliver medical supplies and test kits to the elderly, people with chronic diseases and other vulnerable individuals. They will also transport food to seniors, as well as students who depend on their school for lunch. Lyft says it plans to pilot the food project first in the San Francisco Bay Area, before making it available throughout California and the rest of the country. In both instances, the company's drivers will deliver items without coming into contact with the people who they're delivering supplies to.
Lastly, the company has partnered with eight Medicaid agencies to provide non-emergency transportation to people who need help getting to their medical appointments. It says it's working with states across the country to expand access.
In addition to the above efforts, Reuters reports co-founders John Zimmer and Logan Green will through to the end of June donate their salaries to help the company's drivers. They say they will also find them other temporary work opportunities.
At the start of the month, both Uber and Lyft said they would provide employees with 14 days of paid sick leave to drivers who were either infected by the coronavirus or quarantined by a public health agency. According to a tracker from The New York Times, COVID-19, the respiratory disease caused by the coronavirus, has killed 266 people in the US. There are currently more than 21,000 confirmed cases across the country.
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Lyft Spoke Too Soon
By: Motley Fool | March 19, 2020
• Almost immediately after CFO Brian Roberts reaffirmed guidance, spending on ridesharing services started to crater.
In the relatively early days of the novel coronavirus outbreak within the U.S., Lyft (NASDAQ:LYFT) CFO Brian Roberts spoke at an investing conference and said that the ridesharing company had been mostly fine thus far amid the ongoing crisis. In fact, Roberts even suggested that Lyft was benefiting from the spread of COVID-19 -- which seems counterintuitive for a travel-related company -- as consumers were shifting from public transit toward private forms of transportation like ride-hailing. In addition, Lyft has less international exposure than larger rival Uber (NYSE:UBER).
"For Lyft, our P&L is really driven by ridesharing, and demand in ridesharing remains extremely strong," Roberts said. The finance chief went as far as to reaffirm Lyft's guidance for the first quarter, while adding that the company had recently enjoyed its "single biggest week in our history."
Lyft spoke too soon.
Ridesharing spending has since plummeted
Roberts' comments were from earlier this month, but public health officials were already warning that the crisis was going to get far worse before it got better. It was entirely predictable that demand for ridesharing services could soon crater -- and that's exactly what is now happening as state and local governments all around the U.S. issue lockdowns in an effort to contain the disease.
Uber and Lyft have both suspended shared rides in response, and both companies are also expandingpaid sick leave policies despite years of fighting to provide as few benefits to contract drivers as possible. Both stocks have lost over 60% of their value over the past month.
Spending on ride-hailing tech platforms has plunged over the past two weeks, which just so happens to be about how long it's been since Roberts spoke at the conference on March 3. The Wall Street Journal reports that spending on Lyft has dropped 19% while spending on Uber has fallen 21%, citing third-party estimates from market researcher Edison Trends. It's worth noting that spending for both Uber and Lyft had been increasingly modestly in the eight weeks leading up to March 2, according to the report, so perhaps it wasn't entirely misplaced for Roberts to remain optimistic.
The Rideshare Guy also recently conducted a survey of drivers that reinforced the adverse impacts that the industry is experiencing. An overwhelming 81% of Uber and Lyft drivers reported seeing lower demand for rides, with demand deteriorating on a daily basis. Many drivers (62%) have either reduced how much they drive or stopped driving altogether, in part over concerns around potential exposure to the virus. Morale is poor, with nearly 80% of respondents saying that Uber and Lyft are not doing enough to support drivers during the crisis.
Both Uber and Lyft have recently laid out timelines for adjusted EBITDA profitability, but it's unclear if those targets are still within reach.
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Will Lyft Stock Ride Out the Coronavirus?
By: 24/7 Wall St. | March 18, 2020
The markets have been on a roller-coaster since the coronavirus outbreak, with supply chains and labor forces facing tremendous challenges. Lyft Inc. (NASDAQ: LYFT) and rival Uber Technologies Inc. (NYSE: UBER) have been no exception to the stock market turmoil, but they could offer a solid investment vehicle out of this crisis.
The Dow Jones industrial average, Nasdaq and S&P 500 have each seen losses of over 10% in a single day, recording some of the worst single days since 1987, surpassing the financial crisis of 2008.
It’s worth pointing out that while everyone is feeling the initial shock to the market, most likely it will have the biggest impact on companies with global supply chains and large labor forces. The good news for Lyft and Uber is that, as service companies, they have virtually no supply chain. But they rely heavily on their workforce. So, after the coronavirus fears subside, these two ride-hailing companies could bounce back relatively quickly, as long as there’s someone to drive the cars.
Do the Fundamentals Even Matter Now?
Just before the coronavirus dominated the news flow, Lyft released its fourth-quarter numbers. At first glance, the results looked solid, but investors were not impressed and sent Lyft’s stock lower.
On the bottom line, the firm reported a net loss of $1.19 per share, compared with the Wall Street consensus estimate of $1.39. Revenues came in at $1.02 billion, just over the expected $984.2 million, and revenue growth was 52% year over year.
In terms of the metrics, active riders increased 23% year over year to 22.91 million, up from 18.59 million in the same period of last year. Revenue per active rider was up 23% to $44.40, an increase from $36.02.
At that time, Lyft also gave its outlook for 2020 and the first quarter. For the quarter, the company expected to see an adjusted EBITDA loss in the range of $140 million to $145 million and revenue between $1.055 billion and $1.060 billion. For the full year, Lyft anticipated an adjusted EBITDA loss in the range of $450 million to $490 million and revenue of $4.575 billion to $4.650 billion.
It goes without saying that these numbers might not matter much, considering the precautionary measures the world is taking to combat COVID-19. However, these numbers do offer a basis for comparison in terms of what projected growth looked like ahead of the outbreak.
Precautionary Measures
On Tuesday, Lyft and Uber announced that they each would be suspending their shared ride services in an effort to combat the spread of COVID-19. Lyft has taken other precautionary measures as well.
A Lyft spokesperson said in a statement:
Lyft is pausing Shared rides across all of our markets. The health and safety of the Lyft community is our top priority, and we’re dedicated to doing what we can to slow the spread of COVID-19. We will continue to monitor the situation closely and base our actions on official guidance.
On Lyft’s coronavirus safety site, the company details how it is working to protect both its drivers and its customers. The company has committed to providing funds to drivers, should they be diagnosed with COVID-19 or put under individual quarantine by a public health agency. These funds will be given to affected drivers who are identified by public health officials or who contact Lyft’s support team.
Even with these precautionary measures, where will these ride-hailing companies go from here?
Unknown Destination
When Uber and Lyft announced the suspension of shared rides, they cited the same reason but had seemingly different results. Lyft noted that. since the outbreak, riders avoiding public transit have actually helped the service. Meanwhile, Uber’s CEO, Dara Khosrowshahi commented that there had been a decline in airport rides but an increase in delivery needs. These are mixed responses at best.
Also, the impact of the suspension of shared rides is expected to be minimal to each of these companies. Ultimately, shared rides add to revenue but hurt margins. As more and more people in the United States and across the globe decide to stay in to avoid spreading the virus, this ultimately will hurt revenue growth the most.
The outlook is unclear right now, but what is certain is that there will be pain in the near term. The longer the time horizon, the better the outlook gets for these companies and their paths to profitability. Again, these questions will only be answered once the virus can be effectively treated.
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Moment Finally Arrived?: Lyft, Inc., (NASDAQ: LYFT)
By: NyseStockAlerts | March 18, 2020
On Tuesday Shares of Lyft, Inc., (NASDAQ: LYFT) generated a change of -2.41% and closed at $18.66
EPS growth is a significant number as it suggests the performance of a company. It is generally exposed as a percentage and is then referred to as the E-P-S growth rate. Growth in E-P-S is an essential measure of administration performance because it shows how much money the company is making for its investors or stakeholders, just not changes in profit but also after-effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
Lyft, Inc., NASDAQ: LYFT):
Lyft, Inc., belongs to the Technology sector and Application Software industry. The company’s Market capitalization is 6.95B with the total Outstanding Shares of «Outstanding». LYFT stock construct a change of -2.41 in a total of its share price and finished its trading at 18.66.
Lyft, Inc. institutional ownership is held at 61.10% while insider ownership was 1.30%. As of now, LYFT has a P/S, P/E and P/B values of 1.92, 0.00 and 1.96 respectively. Its P/Cash is valued at 2.44.
The stock has observed its SMA50, which is now -56.68%. In looking at the SMA 200, we see that the stock has seen a -61.90%..
Profitability ratios:
Looking into the profitability ratios of LYFT stock, an investor will find its ROE, ROA, ROI standing at -200.60%, -51.10% and -94.80%, respectively.
Earnings per Share Details of Lyft, Inc.:
The E-P-S of LYFT is strolling at -8.97, counting Earning per Share growth this year at -258.80%. As a result, the company has an earning per share growth of 60.60% for the next year.
Given the importance of recognizing companies that will make sure earnings per share at a high value, we later obsession to umpire how to recognize which companies will get high amassing standards. One major show off to recognize high annual net index count combined of all companies, which are to mention the companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
We can’t have too much stability the once will always reflect the difficulty, but practically United State stock exchange which has grown earnings per allowance sharply in the after are an excellent results makes a continuing effect is a finding of continues struggle.
Analyst’s mean target price(TP) for the company is 65.40 while analysts mean suggestion is 2.20.
A beta(B) factor is used to measure the volatility of the stock. The stock remained 16.25% volatile for the week and 9.31% for the month.
Historical Performance Of LYFT In The News:
Taking a look at the performance of Lyft, Inc. stock, a stockholder knows that the weekly performance for this stock is valued at -43.27%, resulting in a performance for the month at -58.25%.
Therefore, the stated figure shows a four-month performance of -60.09%, bringing the 6-month working result to -60.95% and YTD performance of -56.62%. As of now, Lyft, Inc. has a P/S, P/E and P/B values of 1.92, and 1.96 respectively. Its P/Cash is valued at 2.44.
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Bull Of The Day: Lyft (LYFT)
By: Zacks Investment Research | March 13, 2020
Lyft (LYFT) has lost 55% since its Q4 earnings on February 11th. The initial drop-off was an over-exaggeration by the markets, and the coronavirus continues to pull these shares down to their lowest levels since the stock went public last year. I think LYFT has been unjustly sold-off well below its intrinsic value. Analysts remain optimistic about Lyft in the face of the coronavirus panic, pushing this stock up to a Zacks Rank #1 (Strong Buy).
Coronavirus Impact
The coronavirus has caused indiscriminate selling across all industries, with unprofitable holdings getting hit the hardest. This panic-driven market has hammered Lyft and its profitless operations. Investors are dumping LYFT under the notion that the populous will stop using ridesharing services in the wake of this virus.
Ridesharing volume has been up in the beginning stages of this virus’s spread, and both Uber & Lyft have reiterated their 2020 guidance. Individuals are using Lyft and Uber increasingly to avoid public transportation, where the spread of this new pathogen seems more likely.
This temporary boost in ridesharing will likely fade if the virus’s transmission proliferates in the US, which many specialists are anticipating. People have already been increasingly working from home, and this trend will likely continue. I don’t expect that ridesharing will diminish all together as it is perceived safer than public transit with this virus on the loose. I suspect that temporary short-term headwinds in this segment will only remain until the coronavirus is under control.
The amount that LYFT shares have been punished is far from justified, and I think this stock is ripening as an excellent buy for your long-term portfolio.
Recent Earnings
Lyft reported excellent financials in its Q4 earnings, not only breaking through the $1 billion quarterly revenue mark but destroying EPS estimates by 28%, narrowing its losses. The company beat on every metric and management raised its guidance for 2020. This seemingly good news wasn’t good enough for investors, and LYFT fell almost 10% following these strong results.
For these unprofitable ridesharing companies, forward guidance is much more important than past quarter results. Uber (UBER - Free Report) and Lyft have been pushing growth no matter what the cost since their inception, now investors want to see this growth turn a profit. These firms can’t continuously burn cash as they have in the past. It’s time for these ridesharing giants to show their savvy management ability and demonstrate profitable growth.
Lyft’s earnings disappointed investors because of the high they were riding following Uber’s profitable growth story it depicted in its Q4 earnings call. Investors wanted more from Lyft’s earning, specifically its timeline to profitability, which now sits behind Uber’s.
Conservatism is what Lyft does best with a big top and bottom-line beat on its last 3 earnings reports. I don’t think that the shares’ massive drop off is warranted, and this could be a buying opportunity. I see Lyft and Uber hitting profitability at similar times based on how these firms have progressed and Uber’s lack of conservatism.
Ridesharing Duopoly
Uber and Lyft are in a competitive duopoly where predatory pricing is used to secure customers. I can attest to this here in Chicago where most people I know check both Uber and Lyft for the best pricing before deciding on which service to use. This is causing these firms to undercut each other into losses.
Uber has a much more diversified portfolio of services, which you would think would give them a competitive edge over Lyft, but I am starting to think it’s going to be the company’s downfall. Uber’s other bets, such as Uber Eats and Uber Freight, are both competing in increasingly competitive spaces. These segments are driving down margins as they lose an increasing amount every quarter.
Uber is still liquid enough to have no concern about bankruptcy quite yet, but its lack of a profitability timeline worries me. Cash is being hemorrhaged from Uber at an increasing rate, and I don’t think they have as many years as they believe in figuring out how they are going to turn a profit.
Lyft’s (nearly) pure-play ridesharing strategy is looking like a competitive edge as its losses continue to narrow every quarter.
Take Away
LYFT is a falling knife right now, and I would not suggest putting any position on the company quite yet. The stock has a high beta, so its risk in these volatile times is high. This is an investment that has fallen to a substantial discount of what it had once traded at, and I would consider buying it once the markets turn.
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Lyft will compensate drivers affected by coronavirus outbreak
By: Engadget | March 8, 2020
• They might also join DoorDash and others to set up a compensation fund.
The coronavirus outbreak is affecting many workers, but it could hit those in the gig economy particularly hard when many of them don't get sick leave or other benefits. Those companies may help soften the blow for some of their workers, though. To start, Uber said in a statement to Engadget that it would compensate drivers worldwide for both Uber and Uber Eats if they're either infected by the coronavirus or quarantined by a public health agency for "a period of up to 14 days." Drivers have already received compensation in "some markets," Uber said, alluding to a Bloomberg report that it had compensated quarantined drivers in Mexico and the UK.
A Lyft spokesperson also told Engadget that it had "decided to provide funds to drivers infected or quarantined by a public health authority."
There may be broader industry plans afoot, however. Wall Street Journal sources say Uber, Lyft, DoorDash, Instacart and Postmates are among those discussing a fund to compensate drivers affected by the virus. The details of how it would work aren't clear, but the group is reportedly poised to make a decision in the "coming days."
While this could be good news for drivers worried that they might get sick, the payouts won't fully address concerns about pay. Ridesharing drivers and couriers typically don't make much money from their work, making them particularly sensitive to even brief interruptions -- compensating them after the fact could still lead to financial hardship. They may be tempted to keep working even when they show symptoms of a possible infection. And of course, compensation for infections won't offset lost business from declines in tourism and other customers staying home due to coronavirus concerns.
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Lyft Is 'Extremely Compelling at Current Levels' Says J.P. Morgan
By: TheStreet | March 4, 2020
• Analysts at J.P. Morgan reiterate their overweight rating and $85 price target on Lyft.
Shares of ride-hailing service Lyft (LYFT) were rising Wednesday after analysts at J.P. Morgan reiterated their overweight rating with an $85 price target because of the company’s strong fundamentals.
The “ongoing rationalization in U.S. rideshare,” solid growth in both active riders and revenue per active rider, headroom to drive insurance efficiencies, and a clear path to profitability in 2021 are all reasons for their reiteration on the stock, said analyst Doug Anmuth.
“Importantly, while there has been considerable concern around the impact of Covid-19, Lyft stated (Tuesday) at an investor conference that US&C rideshare remains strong, is less impacted than other areas, & management reaffirmed its 1Q outlook,” Anmuth wrote.
While the coronavirus has forced numerous companies to reevaluate their quarterly projections, the virus doesn't seem to have an impact on ride-sharing. In fact, Anmuth said that ride-sharing could increase as people become more leery of taking public transportation.
J.P. Morgan is mainly bullish on shares of Lyft because the valuation is underappreciated as the stock currently trades at below two times 2020 estimated revenue, making the stock “extremely compelling at current levels.” The firm expects Lyft to end 2020 with at least 20% revenue growth in the fourth quarter.
“Lyft will focus on high value riders through key initiatives like the newly piloted Lyft Preferred (top rated driver in a newer, more spacious car) & Chase Sapphire integration for Lyft Pink,” in order to reach those growth estimates, Anmuth wrote.
The firm sees Lyft as one of its top small to mid-cap ideas in 2020. The stock also is on J.P. Morgan’s Analyst Focus List.
Lyft shares rose 1.95% to $37.69 on Wednesday.
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Dividend Watch List:: Lyft, Inc., (NASDAQ: LYFT)
By: NyseStockAlerts | March 6, 2020
On Thursday Shares of Lyft, Inc., (NASDAQ: LYFT) generated a change of -7.92% and closed at $37.08
EPS growth is a significant number as it suggests the performance of a company. It is generally exposed as a percentage and is then referred to as the E-P-S growth rate. Growth in E-P-S is an essential measure of administration performance because it shows how much money the company is making for its investors or stakeholders, just not changes in profit but also after-effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
Lyft, Inc., NASDAQ: LYFT):
Lyft, Inc., belongs to the Technology sector and Application Software industry. The company’s Market capitalization is 11.12B with the total Outstanding Shares of «Outstanding». LYFT stock construct a change of -7.92 in a total of its share price and finished its trading at 37.08.
Lyft, Inc. institutional ownership is held at 60.60% while insider ownership was 1.30%. As of now, LYFT has a P/S, P/E and P/B values of 3.08, 0.00 and 3.66 respectively. Its P/Cash is valued at 3.57.
The stock has observed its SMA50, which is now -18.67%. In looking at the SMA 200, we see that the stock has seen a -25.93%..
Profitability ratios:
Looking into the profitability ratios of LYFT stock, an investor will find its ROE, ROA, ROI standing at 0.00%, 0.00% and 34.10%, respectively.
Earnings per Share Details of Lyft, Inc.:
The E-P-S of LYFT is strolling at -8.97, counting Earning per Share growth this year at -32.40%. As a result, the company has an earning per share growth of 60.00% for the next year.
Given the importance of recognizing companies that will make sure earnings per share at a high value, we later obsession to umpire how to recognize which companies will get high amassing standards. One major show off to recognize high annual net index count combined of all companies, which are to mention the companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
We can’t have too much stability the once will always reflect the difficulty, but practically United State stock exchange which has grown earnings per allowance sharply in the after are an excellent results makes a continuing effect is a finding of continues struggle.
Analyst’s mean target price(TP) for the company is 65.82 while analysts mean suggestion is 2.20.
A beta(B) factor is used to measure the volatility of the stock. The stock remained 7.95% volatile for the week and 6.01% for the month.
Historical Performance Of LYFT In The News:
Taking a look at the performance of Lyft, Inc. stock, a stockholder knows that the weekly performance for this stock is valued at -1.85%, resulting in a performance for the month at -25.84%.
Therefore, the stated figure shows a four-month performance of -21.95%, bringing the 6-month working result to -20.00% and YTD performance of -13.81%. As of now, Lyft, Inc. has a P/S, P/E and P/B values of 3.08, and 3.66 respectively. Its P/Cash is valued at 3.57.
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Will Lyft Stock Catch a Ride After This Coronavirus Scare?
By: 24/7 Wall St. | March 2, 2020
Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) have been the focus for those looking to play the gig economy since they came public last spring. Although markets may be panicking now at the prospect of the COVID-19 coronavirus spreading, Lyft stock may be an investment vehicle offering great value once the fear wears off.
The current sentiment in the stock market took a turn for the worse last week as the Dow Jones industrial average and S&P 500 each notched losses over 10%, making this the worst week for broad markets since the financial crisis of 2008. Concerns are mounting over the potential pandemic and how it could affect global supply chains.
However, there is good news here for ride-hailing companies, but you have to read between the lines. The initial reaction to COVID-19 is obviously bad, but down the line it could prove profitable for Lyft and Uber. The general public is worried about the transmission for the virus, so ride sharing may offer an avenue for those looking to avoid using public transportation.
Autonomous vehicles offer an interesting play here as well. Even Uber’s food delivery service could prove useful for those looking to stay at home.
While everyone is feeling the initial shock to the market, most likely it will have the biggest impact on companies with global supply chains. The good news for Lyft and Uber is that, as service companies, they have virtually no supply chain, so their stocks may bounce back relatively quickly after the virus scare wears off.
Quarterly Fundamentals
Early in February, Lyft released its most recent quarterly report. While the results seemed like a win on paper, investors were not necessarily pleased and sent shares lower at that time.
A few of the highlights from the report include beating estimates on the bottom line, with the firm posting a net loss of $1.19 per share, compared with Wall Street’s consensus estimate of $1.39. Revenues came in at $1.02 billion, just over the expected $984.2 million.
In terms of the metrics, active riders increased 23% year over year to 22.91 million, up from 18.59 million in the same period of last year. Revenue per active rider was up 23% to $44.40, an increase from $36.02.
Even looking ahead to the first quarter, Lyft expects to see an adjusted EBITDA loss in the range of $140 million to $145 million and revenue between $1.055 billion and $1.060 billion. So, while the path to profitability may not be in the cards for a while, the picture is getting better.
Despite having a seemingly positive fourth quarter, Lyft still took a backseat to Uber’s earnings report though.
The Tale of Two Ride Shares
Lyft’s move on earnings was exactly the opposite of what was seen in rival Uber, even though investors generally consider Lyft to be a more focused company in the ride-hailing business.
What is interesting about the reaction in Lyft is that the analyst community was very mixed about it. Uber’s post-earnings reaction saw analysts pile deep into the stock with more aggressive targets. There is also still some debate out there about what exactly Uber’s “profitability metrics for the fourth quarter of 2020” will really translate to.
Though Uber is still losing money, some of the company’s growth metrics remained very enticing to growth-oriented investors. Gross bookings increased 28% year over year to $18.1 billion, up 30% in constant currency. Monthly Active Platform Consumers increased by 22% to 111 million, up from 91 million.
Uber’s total number of trips increased 28% year over year to 1.91 billion, compared with the same period of last year, when Uber reported 1.49 billion trips. Its adjusted net revenue growth accelerated to 41% year over year, or 43% on a constant currency basis, to $3.73 billion.
So while the metrics are comparable between these two companies, Uber is the clear winner among analysts. However, Lyft offers a somewhat different investing opportunity as a pure-play ride-sharing firm.
Food Delivery
Perhaps the biggest difference between these two firms is that Lyft does not offer a food delivery service. Whether this is a good call is a question yet to be answered. Data for December from Second Measure indicates that DoorDash leads in meal deliveries with a 37% market share. Grubhub Inc. (NYSE: GRUB) is second with a 31% share, and UberEats is third with a 21% share.
However, there are big profitability concerns here. UberEats lost nearly $1 for every $1 it generated in net revenue after paying drivers in the first three quarters of 2019. DoorDash is reportedly on track to lose $750 million in 2019.
Amazon.com Inc. (NASDAQ: AMZN) even closed its Amazon Restaurants meal delivery service because it couldn’t get more than a tiny share of the market.
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Options Traders Hail These Ride-Sharing Stocks
By: Schaeffer's Investment Research | February 24, 2020
• Both stocks are selling off with the broad market today
• Weekly calls are popular for UBER and LYFT
The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list. Below, we're going to take a closer look at ride-sharing startups Lyft Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER).
LYFT has seen 210,384 weekly call options traded during the past 10 days, compared to 150,529 puts. Most active today is the weekly 3/27 42.50-strike call, while the weekly 2/28 44-strike call is also popular, with new positions being opened at each. Taking a step back, the April 47.50 call is home to the top open interest position. Lyft stock is down 5.3% today to trade at $41.93, and is on track to close at its lowest point since November.
Moving on to Uber stock, the security has seen 358,957 weekly call options and just 124,154 put options trading within the past two weeks. However, the weekly 2/28 38-strike put is seeing the most action so far today among weeklies. UBER is also participating in the broad market sell-off today, last seen down 4.5% at $38.85. However, the shares' 30-day moving average has emerged as support.
In addition to the heightened options activity, both these ride-sharing stocks sport attractively priced premiums at the moment. LYFT and UBER's Schaeffer's Volatility Indexes (SVI) of 41% and 39%, respectively, both sit in the bottom 10th percentile of readings from the past year.
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Lyft Acquires Halo Cars, a Startup That Places Ads on Vehicles
By: TheStreet | February 21, 2020
• Both Uber and Lyft have dipped their toes into advertising as a fresh source of revenue.
Lyft (LYFT) - Get Report has acquired Halo Cars, a startup that focuses on car-top advertising, according to a report.
The ridehailing firm confirmed the deal but has not disclosed other details, Axios reported on Friday.
Halo Cars places LED screen on top of rideshare vehicles to deliver "hyper-targeted" advertising based on time, location, weather and other factors.
Lyft's main rival, Uber (UBER) - Get Report has also been testing car-top advertising through a partnership with a startup called Cargo. Uber earns a cut of the advertising revenue, Axios reported.
Both Uber and Lyft are under pressure to deliver a profit over the next several quarters, and the advertising deals could represent a new stream of revenue for the companies.
Shares of Lyft were down 1.76% to $44.68 on Friday, while Uber shares were down 0.77% to $40.60.
Lyft is expected to report a loss of $147.7 million, or 48 cents a share, on sales of $1.1 billion for the current quarter, based on a FactSet survey of 23 analysts. In the same period a year ago the company posted a loss of $9.02 a share on sales of $776 million. It reported a loss of 248.9 million. The stock has fallen 15.7% since the company last reported earnings on Feb. 11.
Uber is expected to report a loss of $988.8 million, or 65 cents a share, on sales of $4 billion for the current quarter, based on a FactSet survey of 27 analysts. In the same period a year ago the company posted a loss of $2.26 a share on sales of $3.1 billion. It reported a loss of 887 million. The stock has risen 10.3% since the company last reported earnings on Feb. 6.
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Buy This And Sleep Well At Night:: Lyft, Inc., (NASDAQ: LYFT)
By: NyseStockAlerts | February 14, 2020
On Thursday Shares of Lyft, Inc., (NASDAQ: LYFT) generated a change of -2.95% and closed at $47.03
EPS growth is a significant number as it suggests the performance of a company. It is generally exposed as a percentage and is then referred to as the E-P-S growth rate. Growth in E-P-S is an essential measure of administration performance because it shows how much money the company is making for its investors or stakeholders, just not changes in profit but also after-effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
Lyft, Inc., NASDAQ: LYFT):
Lyft, Inc., belongs to the Technology sector and Application Software industry. The company’s Market capitalization is 13.30B with the total Outstanding Shares of «Outstanding». LYFT stock construct a change of -2.95 in a total of its share price and finished its trading at 47.03.
Lyft, Inc. institutional ownership is held at 44.10% while insider ownership was 1.40%. As of now, LYFT has a P/S, P/E and P/B values of 4.07, 0.00 and 4.64 respectively. Its P/Cash is valued at 4.27.
The stock has observed its SMA50, which is now 0.29%. In looking at the SMA 200, we see that the stock has seen a -7.86%..
Profitability ratios:
Looking into the profitability ratios of LYFT stock, an investor will find its ROE, ROA, ROI standing at 0.00%, 0.00% and 34.10%, respectively.
Earnings per Share Details of Lyft, Inc.:
The E-P-S of LYFT is strolling at -8.66, counting Earning per Share growth this year at -32.40%. As a result, the company has an earning per share growth of 59.20% for the next year.
Given the importance of recognizing companies that will make sure earnings per share at a high value, we later obsession to umpire how to recognize which companies will get high amassing standards. One major show off to recognize high annual net index count combined of all companies, which are to mention the companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
We can’t have too much stability the once will always reflect the difficulty, but practically United State stock exchange which has grown earnings per allowance sharply in the after are an excellent results makes a continuing effect is a finding of continues struggle.
Analyst’s mean target price(TP) for the company is 66.13 while analysts mean suggestion is 2.20.
A beta(B) factor is used to measure the volatility of the stock. The stock remained 5.26% volatile for the week and 4.03% for the month.
Historical Performance Of LYFT In The News:
Taking a look at the performance of Lyft, Inc. stock, a stockholder knows that the weekly performance for this stock is valued at -0.82%, resulting in a performance for the month at -1.36%.
Therefore, the stated figure shows a four-month performance of 11.10%, bringing the 6-month working result to -13.69% and YTD performance of 9.32%. As of now, Lyft, Inc. has a P/S, P/E and P/B values of 4.07, and 4.64 respectively. Its P/Cash is valued at 4.27.
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Can Lyft Catch a Ride on Uber’s Q4 Results?
By: 24/7 Wall St. | February 11, 2020
Lyft Inc. (NASDAQ: LYFT) is scheduled to release its most recent quarterly results after the markets close on Tuesday. For the most part, analysts seem optimistic about ride-sharing in general going into this report, especially after rival ride-sharing company Uber Technologies Inc. (NYSE: UBER) reported stellar results last week.
For the fourth quarter, analysts expect to see a net loss of $1.39 in earnings per share (EPS) and $984.17 million in revenue.
One thing that differentiates Lyft from Uber is that many consider it a pure-play ride-sharing company. Uber offers a food delivery service, Uber Eats, but this has not been profitable, even with a 21% market share in the food delivery industry.
Beginning January 1, a new California law (AB 5) required ride-hailing firms like Lyft and Uber to treat drivers as employees, not independent contractors. The law applies to delivery firms like Postmates, Instacart and DoorDash as well. Not having to pay a minimum wage or overtime, or unemployment insurance or paid sick leave, was a huge benefit for these firms. Drivers also paid their own expenses, including maintenance and fuel.
However, analysts remain upbeat on Lyft’s stock. Wedbush analyst Dan Ives told Barron’s that Lyft faces a headwind of $8 to $10 a share if California’s AB 5 is not revised in favor of the ride-hailers. Even so, the stock remains rated Buy or Strong Buy by 24 of 36 analysts.
Here’s what a few other analysts had to say about Lyft ahead of the report:
• JMP Securities has a Buy rating with an $88 price target.
• Northcoast Research rates it at Buy with a $60 price target.
• RBC’s Buy rating comes with an $82 target price.
• SunTrust Banks has a Buy rating and a $75 price target.
• UBS has a Buy rating with a $64 price target.
Excluding Tuesday’s move, Lyft stock had outperformed the broad markets with a gain of 24% in the past quarter. However, in the past six months, the share price was down 9%.
Shares of Lyft traded at $53.47 on Tuesday, in a 52-week range of $37.07 to $88.60. The consensus price target is $65.63.
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Lyft's Earnings Are Coming Up: 4 Key Themes to Watch
By: TheStreet | February 9, 2020
• Lyft's recently announced restructuring, as well as its profitability roadmap, are likely discussion topics in its fourth quarter financial results.
Lyft reports its latest financial results next week, and investors are eager for updates on the ridehailing firm's profitability goals.
Shares of Lyft (LYFT) have lost roughly a third of their value since the company went public last March, and management has been working to assure investors that it can keep growing while gradually shrinking its losses. Analysts are expecting a loss of 53 cents per share on sales of $984 million for Lyft's fourth quarter.
Here are a few key themes to watch when Lyft reports its latest results on Tuesday, Feb. 11 after the close of trading.
1. Restructuring
Days ago, Lyft announced it was restructuring its sales and marketing teams and laying off around 2% of its workforce -- equivalent to roughly 100 employees. The changes were necessary for Lyft to achieve its 2020 business goals, the company said. A Lyft spokesperson also told Reuters, without elaborating, that it plans to hire 1,000 people this year. In its fourth-quarter earnings release, Lyft will likely provide further details on what the restructuring means for its profitability prospects, and how it will balance that goal with driving growth in the business. Uber conducted multiple rounds of job cuts in 2019 to eliminate “empty calories” in its organization -- and investors will be listening closely to what Lyft’s plans are, if any, to get leaner, meaner and more profitable.
2. Profits vs. Growth
Lyft can’t escape comparisons to its larger rival, Uber, which told investors last week that it will turn a profit earlier than expected, by the end of this year. Lyft said last October that it will turn profitable on an adjusted earnings basis -- before interest, tax, depreciation and amortization (EBIDTA) -- by the end of 2021. And investors are eager for as much detail as they can get on how it plans to get there. Speaking at a Credit Suisse conference in December, Lyft CEO Logan Green said that its plan for “profitable growth” includes modest, incremental price increases, as well as a focus on “high value modes” and business use cases. Next week, ridesharing investors will have a chance to scrutinize what growth Lyft is seeing in its core ridehailing -- and in segments that the company believes will drive profits.
3. Insurance and Other Costs
For Lyft skeptics, one of the more concerning line items has been a rise in insurance costs: In a recent report, Benchmark noted a steady rise in insurance losses paid by Lyft since 2016 and projected that they will rise to $600 million in 2020. Investors shouldn’t expect any relief anytime soon: “The nature of the ridesharing business model, in our opinion, has an inherent risk in the skill level of drivers and therefore insurance reserves are likely to remain a significant part of overall cost,” wrote Benchmark analyst Michael P. Ward in January. Lyft president John Zimmer said at a recent conference that Lyft could lower insurance costs by upgrading the minimum requirements for vehicles, but whether that will be enough to mollify investors’ concerns . Expect a continued focus on this aspect of Lyft’s business, and potential workarounds, such as selling off legacy claims to a third party.
4. Regulatory Impacts
Like Uber and other “gig economy” firms, Lyft has new regulations to grapple with -- namely California’s recently enacted AB5 law, which changed the standard under which workers are considered employees and thus entitled to sick leave and other benefits. Several affected companies banded together to launch a legal challenge to the law, and investors anticipate a prolonged battle ahead. Uber, for its part, is experimenting with letting drivers set rates, for some rides, as a potential workaround -- but it’s unknown if Lyft will pursue a similar tactic. Logan Green told investors in December that if Lyft is forced to change its business model, “prices go up for consumers -- we'll pass 100% of that on.” Next week, Lyft could elaborate further on what the impact to its business may be if it is compelled to provide benefits to drivers.
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Key turning points to Take off:: Lyft, Inc., (NASDAQ: LYFT)
By: NyseStockAlerts | February 7, 2020
On Thursday Shares of Lyft, Inc., (NASDAQ: LYFT) generated a change of -1.33% and closed at $47.42
EPS growth is a significant number as it suggests the performance of a company. It is generally exposed as a percentage and is then referred to as the E-P-S growth rate. Growth in E-P-S is an essential measure of administration performance because it shows how much money the company is making for its investors or stakeholders, just not changes in profit but also after-effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
Lyft, Inc., NASDAQ: LYFT):
Lyft, Inc., belongs to the Technology sector and Application Software industry. The company’s Market capitalization is 14.21B with the total Outstanding Shares of «Outstanding». LYFT stock construct a change of -1.33 in a total of its share price and finished its trading at 47.42.
Lyft, Inc. institutional ownership is held at 44.00% while insider ownership was 1.40%. As of now, LYFT has a P/S, P/E and P/B values of 4.35, 0.00 and 4.68 respectively. Its P/Cash is valued at 4.56.
The stock has observed its SMA50, which is now 1.59%. In looking at the SMA 200, we see that the stock has seen a -7.44%..
Profitability ratios:
Looking into the profitability ratios of LYFT stock, an investor will find its ROE, ROA, ROI standing at 0.00%, 0.00% and 34.10%, respectively.
Earnings per Share Details of Lyft, Inc.:
The E-P-S of LYFT is strolling at -8.66, counting Earning per Share growth this year at -32.40%. As a result, the company has an earning per share growth of 59.30% for the next year.
Given the importance of recognizing companies that will make sure earnings per share at a high value, we later obsession to umpire how to recognize which companies will get high amassing standards. One major show off to recognize high annual net index count combined of all companies, which are to mention the companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
We can’t have too much stability the once will always reflect the difficulty, but practically United State stock exchange which has grown earnings per allowance sharply in the after are an excellent results makes a continuing effect is a finding of continues struggle.
Analyst’s mean target price(TP) for the company is 66.13 while analysts mean suggestion is 2.20.
A beta(B) factor is used to measure the volatility of the stock. The stock remained 4.18% volatile for the week and 3.55% for the month.
Historical Performance Of LYFT In The News:
Taking a look at the performance of Lyft, Inc. stock, a stockholder knows that the weekly performance for this stock is valued at -0.77%, resulting in a performance for the month at 7.16%.
Therefore, the stated figure shows a four-month performance of 14.62%, bringing the 6-month working result to -21.35% and YTD performance of 10.23%. As of now, Lyft, Inc. has a P/S, P/E and P/B values of 4.35, and 4.68 respectively. Its P/Cash is valued at 4.56.
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How Much Longer Should Investors Be Patient With Lyft Stock?
By: 24/7 Wall St. | February 6, 2020
Ride-hailing company Lyft Inc. (NASDAQ: LYFT) has been publicly traded for less than a year. From the late March initial public offering to the closing bell on October 4, the stock dropped by nearly 50%. Since then, shares have traded up more than 22% to around $48.
Like all tech firms, the ride-hailing companies concentrated on growth rather than profits. That focus on growth at the expense of profits weighed on the stock until the final quarter of 2019, just as the struggling industry faced what looks like a battle for survival.
Beginning January 1, a new California law (AB 5) required ride-hailing firms like Lyft and Uber Technologies Inc. (NYSE: UBER) to treat drivers as employees, not independent contractors. The law applies to delivery firms like Postmates, Instacart and DoorDash as well. Not having to pay a minimum wage or overtime, or unemployment insurance or paid sick leave, was a huge benefit for these firms. Drivers also paid their own expenses, including maintenance and fuel.
Treating drivers as regular employees, not contractors, would delay profitability even longer. The cost to ride-hailing and delivery firms have been estimated to add 20% to 30% to a company’s expenses. Why then did Lyft and Uber stock rise in the last quarter of 2019?
How Lyft Plans to Fight City Hall
Lyft, Uber, food delivery services Doordash and Postmates and grocery delivery firm Instacart have committed to spending $110 million to fight AB 5. Now that the law has become effective, that means getting an initiative on the 2020 ballot.
The measure is called the California App-Based Drivers Regulations Initiative and alters AB 5 only for drivers who work for apps-based employers like Lyft, Uber and DoorDash. According to Ballotpedia, the ballot measure does more than leave drivers classified as contract workers. The initiative includes among other things a net earnings floor 20% above the state’s or municipality’s minimum wage, along with mileage reimbursement of 30 cents per mile.
The companies claim that if ride-share and delivery drivers are classified as employees with set shifts, it could significantly limit the availability and affordability of these on-demand services that benefit consumers, small businesses and the overall economy.
In order to get on the November ballot, the measure needs 623,212 valid signatures by June 30. On average, the cost per signature of the four initiatives that have already qualified for the ballot is $6.22, with a range of $5.72 to $7.59. That works out to a total cost of around $3.9 million.
Even if the cost per signature were double the current average, supporters of the measure would still have well over $100 million to launch a media campaign. The ads would remind the 20 million registered voters in the state that rides and deliveries will cost more and be less convenient unless the initiative is passed. Those could be compelling arguments if Californians vote with their stomachs.
There’s No Such Thing as a Free Lunch
Unlike Uber, Lyft does not offer a food delivery service. Whether that’s smart depends on how one looks at it. Recent data for December from Second Measure indicates that DoorDash leads in meal deliveries with a 37% market share. Grubhub Inc. (NYSE: GRUB) is second with a 31% share, and UberEats is third with a 21% share.
The other side of the coin is fierce competition. How fierce? Amazon.com Inc. (NASDAQ: AMZN) closed its Amazon Restaurants meal delivery service because it couldn’t get more than a tiny share of the market.
Grubhub, according to a Wall Street Journal report in January, is considering its options, including a sale of the company. Grubhub denied the report.
UberEats lost nearly $1.00 for every $1.00 it generated in net revenue after paying drivers in the first three quarters of 2019. DoorDash is reportedly on track to lose $750 million in 2019.
While consumers like meal delivery services, restaurants are increasingly dubious. After paying a fee to the delivery service, the restaurant’s profits are squeezed. Signing up a massive partner like McDonald’s almost always means that the delivery service is trading profit for volume. The hope, of course, is that by hanging on to a large customer base, profits will follow eventually.
Where Does All This Leave Lyft?
Lyft will issue its quarterly earnings report on February 11, and analysts’ expectations are measured. Revenue growth is tabbed at 47%, reaching $984.17 million, with a per-share loss of $1.36. The per-share loss for 2019 is forecast at $11.56 on total revenue of $3.58 billion.
Estimates for 2020 are much improved, but profits remain elusive. Analysts are looking for a full-year loss of $4.72 per share on revenue totaling $4.59 billion. CEO Logan Green commented in the company’s third-quarter report that Lyft expects to be profitable on an adjusted EBITDA basis in the fourth quarter of 2021.
Analysts remain upbeat on the stock. Wedbush analyst Dan Ives told Barron’s that Lyft faces a headwind of $8 to $10 a share if California’s AB 5 is not revised in favor of the ride-hailers. Even considering that, the stock remains rated Buy or Strong Buy by 24 of 36 analysts. The consensus price target on the stock is $66.13, implying upside of nearly 38% to a recent price around $48 a share.
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Lyft expands free voter rides to all US primaries
By: Engadget | February 1, 2020
• You might not have trouble getting to the voting booth in 2020.
Lyft is bringing back its free rides for voters during the 2020 US election cycle, and this time it won't be limited to the final vote. The ridesharing firm is expanding its Voting Access Program to offer no-cost rides to polls through the entire primary calendar and general election, starting with the Iowa Caucus in early February. As before, it's partnering with nonprofits like the League of Women Voters, National Urban League and Voto Latino Foundation to make the rides available.
The company is promising more details on plans to improve voter access and "other forms of civic engagement" later in the year.
This is partly a promotional vehicle, of course Along with other LyftUp projects like Disaster Response and Grocery Access, it's as much about polishing Lyft's image as it is caring for people in need. At the same time, there's little doubt that this and rival programs like Uber's could play important roles in turning out the vote. Lyft pointed to data suggesting that 15 million potential voters in 2016 didn't go "in large part" because they couldn't get to polling locations. If ridesharing companies and their partners can draw enough attention to these programs (and that's a big "if"), they might increase participation -- particularly for low-income and carless people who might have a harder time casting their votes.
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Starting To Look Attractive: Lyft, Inc., (NASDAQ: LYFT)
By: NyseStockAlerts | January 31, 2020
On Thursday Shares of Lyft, Inc., (NASDAQ: LYFT) generated a change of 2.03% and closed at $47.79
EPS growth is a significant number as it suggests the performance of a company. It is generally exposed as a percentage and is then referred to as the E-P-S growth rate. Growth in E-P-S is an essential measure of administration performance because it shows how much money the company is making for its investors or stakeholders, just not changes in profit but also after-effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
Lyft, Inc., NASDAQ: LYFT):
Lyft, Inc., belongs to the Technology sector and Application Software industry. The company’s Market capitalization is 14.30B with the total Outstanding Shares of «Outstanding». LYFT stock construct a change of 2.03 in a total of its share price and finished its trading at 47.79.
Lyft, Inc. institutional ownership is held at 43.80% while insider ownership was 1.40%. As of now, LYFT has a P/S, P/E and P/B values of 4.38, 0.00 and 4.71 respectively. Its P/Cash is valued at 4.59.
The stock has observed its SMA50, which is now 3.20%. In looking at the SMA 200, we see that the stock has seen a -7.17%..
Profitability ratios:
Looking into the profitability ratios of LYFT stock, an investor will find its ROE, ROA, ROI standing at 0.00%, 0.00% and 34.10%, respectively.
Earnings per Share Details of Lyft, Inc.:
The E-P-S of LYFT is strolling at -8.66, counting Earning per Share growth this year at -32.40%. As a result, the company has an earning per share growth of 58.10% for the next year.
Given the importance of recognizing companies that will make sure earnings per share at a high value, we later obsession to umpire how to recognize which companies will get high amassing standards. One major show off to recognize high annual net index count combined of all companies, which are to mention the companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
We can’t have too much stability the once will always reflect the difficulty, but practically United State stock exchange which has grown earnings per allowance sharply in the after are an excellent results makes a continuing effect is a finding of continues struggle.
Analyst’s mean target price(TP) for the company is 66.81 while analysts mean suggestion is 2.20.
A beta(B) factor is used to measure the volatility of the stock. The stock remained 3.42% volatile for the week and 3.22% for the month.
Historical Performance Of LYFT In The News:
Taking a look at the performance of Lyft, Inc. stock, a stockholder knows that the weekly performance for this stock is valued at -1.42%, resulting in a performance for the month at 9.86%.
Therefore, the stated figure shows a four-month performance of 9.41%, bringing the 6-month working result to -21.49% and YTD performance of 11.09%. As of now, Lyft, Inc. has a P/S, P/E and P/B values of 4.38, and 4.71 respectively. Its P/Cash is valued at 4.59.
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