Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Lyft (LYFT) , which belongs to the Zacks Internet - Services industry. This ride-hailing company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 46.49%. For the last reported quarter, Lyft came out with earnings of $0.24 per share versus the Zacks Con ...

After reaching an important support level, Lyft (LYFT) could be a good stock pick from a technical perspective. LYFT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Like other SMAs, i ...

Lyft Stock Performance - Lyft shares rallied 9 6% in the last trading session to close at $13 60, driven by notable trading volume [1] - The stock has gained 6 8% over the past four weeks [1] - The uptick in Lyft's stock price was partly due to Tesla's disappointing Robotaxi event, which failed to excite investors and boosted shares of ride-sharing companies like Lyft [2] Earnings and Revenue Expectations - Lyft is expected to post quarterly earnings of $0 19 per share, representing a year-over-year change of -20 8% [3] - Revenues are expected to be $1 42 billion, up 22 6% from the year-ago quarter [3] - The consensus EPS estimate for Lyft has been revised 16 7% higher over the last 30 days, indicating a positive trend in earnings estimate revision [4] Industry and Peer Performance - Lyft is part of the Zacks Internet - Services industry [4] - LivePerson (LPSN), another stock in the same industry, finished the last trading session 8 3% higher at $1 17 and has returned 1 9% over the past month [4] - For LivePerson, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0 05, representing a change of -266 7% from the year-ago quarter [5]

Lyft announced plans to increase driver earnings by offering higher pay for longer and more complex rides. As part of efforts to attract more drivers, the ride-sharing company will implement extra fees for trips that exceed expected duration by at least five minutes. Jeremy Bird, Lyft's Executive Vice President of Driver Experience, emphasized the company's aim for growth, citing significant year-on-year increases and a platform utilization of approximately 1.3 million drivers in the past year. To enhance d ...

The most recent trading session ended with Lyft (LYFT) standing at $12.57, reflecting a +1.7% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.9%. Elsewhere, the Dow saw an upswing of 0.81%, while the tech-heavy Nasdaq appreciated by 1.22%. The ride-hailing company's shares have seen an increase of 9.87% over the last month, surpassing the Computer and Technology sector's gain of 5.76% and the S&P 500's gain of 3.15%. The investment community will be closely m ...

Multi-year collaboration continues to support mobility sector GLENDALE, Ariz., Oct. 1, 2024 /PRNewswire/ -- The Mobilitas Insurance Companies, providers of commercial insurance for the unique and emerging demands of the sharing economy and mobility sector, announced that Lyft has renewed its partnership for ridesharing commercial insurance coverage in 23 states, effective October 1, 2024. "Mobilitas remains focused on serving the commercial insurance needs of the mobility sector, and it is our privilege to ...

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Industry Overview - The global total addressable market (TAM) for ride-sharing is expected to exceed $200 billion by 2029, driven by the convenience offered by ride-hailing platforms [3] - Autonomous driving solutions are expected to revolutionize the transportation-as-a-service (TaaS) industry, bringing efficiency and serving as a catalyst for major players [4] Company Performance: Lyft - Lyft's revenue for the latest quarter was $1.436 billion, with a free cash flow of $256.40 million and a net income of $5.014 million [6] - Over the last three years, Lyft's shares have declined by approximately 75%, and its price-to-free-cash-flow (P/FCF) multiple is 13.5, significantly lower than Uber's 32.9 [6] - Lyft has shown a notable uptick in rides, bookings, operating margin, and profitability in its most recent earnings report, indicating a turnaround in demand trends [9][10][12] Company Performance: Uber - Uber's revenue for the latest quarter was $10.70 billion, with a free cash flow of $1.721 billion and a net income of $1.015 billion [6] - Uber has consistently been profitable on a GAAP basis and has diversified its platform through acquisitions like Drizly and Postmates, enhancing its consumer reach [5][6] Investment Perspective - David Tepper of Appaloosa Management increased his position in Lyft by 1,600%, purchasing 7.5 million shares last quarter, indicating a deep-value investment approach [1][7] - Lyft's stock is seen as a potential call option on broader economic health, with its current valuation considered a bargain in a large and growing market [13] - The recent cooling of inflation and the Federal Reserve's interest rate reduction are positive economic indicators that could support Lyft's growth [8][9]

Lyft and Toast look like top picks in this bull market. Find out which one is a better fit for your portfolio. As the bull market of 2024 gathers steam, investors are on the lookout for companies that can deliver robust growth or sustainable returns -- and preferably both. In this environment, both Lyft (LYFT -0.04%) and Toast (TOST -0.07%) look like solid buys. While Lyft aims to revolutionize transportation with ride-sharing innovations, Toast is disrupting the restaurant management sector with its compre ...

I'm not an owner of Lyft (NASDAQ: LYFT ) and likely won't be because I'm more of a fan of Uber ( UBER ) but I think Lyft is starting to get very undervalued down MMMT Wealth is run by Oliver, a CPA working in the financial services sector mainly in private equity, hedge funds, and asset management. MMMT Wealth began in 2023 when Oliver started writing online mainly on X and Substack about investment strategies and stocks. His main aim is to gather insights from investor calls, presentations, financials, new ...