LYFT Inc (LYFT)

[DiscoverGold]

Earnings Previews: Lyft Inc. (NASDAQ: LYFT)
By: 24/7 Wall St. | February 7, 2022

Here is a look at five firms scheduled to report results after Tuesday’s closing bell.

Lyft

Ride-hailing operator Lyft Inc. (NASDAQ: LYFT) has seen its share price sink by about 26% over the past 12 months. It last traded in the green on November 10 and has lost 28% since then. Lyft’s third quarter was its first profitable one as a public company. Rival Uber’s share price drop over the same period is about 35%. The two firms appear to have survived the pandemic; now the issue is whether they can win back passengers (and revenues).

The 41 analysts covering the stock come down on Lyft’s side with 26 Buy or Strong Buy ratings and 13 Hold ratings. At a share price of around $39.10, the upside potential based on a median price target of $65 is 66.2%. At the high target of $95, the upside potential is almost 143%.

Fourth-quarter revenue is forecast at $940.47 million, up 8.8% sequentially and 65.0% year over year. Adjusted EPS are forecast at $0.08 for the quarter, up 48.8% sequentially and up from a loss per share of $0.58 in the year-ago quarter. For full fiscal 2021, the loss per share is forecast at $0.24, much better than last year’s loss of $2.66, on sales of $3.18 billion, up 34.4%.

Lyft stock trades at 46.3 times expected 2022 EPS of $0.85 and 21.7 times estimated 2022 earnings of $1.81 per share. The stock’s 52-week range is $33.94 to $68.28. Lyft does not pay a dividend. Total shareholder return for the past 12 months was negative 25.8%.

Read Full Story »»»

DiscoverGold