Lyft (LYFT) is scheduled to report fourth-quarter 2023 results on Feb 13, after market close.The company has an impressive earnings surprise history, having surpassed Zacks Consensus Estimate in three of four quarters and missing in one, the average beat being 255.88%.The Zacks Consensus Estimate for LYFT’s soon-to-be reported quarter’s earnings has been unchanged in the past 60 days at 8 cents per share.We expect Lyft's performance in the to-be-reported quarter to have been boosted by an uptick in total re ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Lyft is ensuring that its drivers, who have complained about pay transparency, will earn at least 70% of rider fares each week and will know exactly the breakdown of where the rider's fare goes. As part of its 2024 release, the ride-share company announced on Tuesday that its new standard ensures drivers will earn a minimum of 70% of rider fares each week after external fees, such as local taxes and government-mandated insurance, get taken out.In 2023, drivers earned on average 88% of rider fares each week. ...

Lyft (NASDAQ:LYFT) stock is slipping on Thursday after Goldman Sachs downgraded the ridesharing company’s shares today.That downgrade has analyst Eric Sheridan dropping LYFT stock from a “buy” rating to a “neutral” rating. Investors will note that this matches the analysts’ consensus rating of hold based on 28 opinions.Despite that downgrade, the Goldman Sachs analyst increased the firm’s price target for Lyft from $12 per share to $15 per share. That represents a potential increase of 12.4% from yesterday’ ...

Shares of Lyft (LYFT 0.33%) were climbing again for the second month in a row in December as the ridesharing stock's recovery continued.There was relatively little company-specific news out on Lyft last month, but a combination of bullish commentary from management, price hikes from Wall Street analysts, good news from the Federal Reserve, and tailwinds from rival Uber Technologies, which was added to the S&P 500 last month, combined to propel Lyft stock higher.According to data from S&P Global Market Intel ...

After a sizzling close to 2023, many investors are hoping the rally in tech stocks will continue into 2024. Some of that optimism is based on expectations that the January effect will occur. However, in every bull market, not every stock is a screaming buy. And that’s the reason for this list of tech stocks to avoid. The January effect is a market theory based on the idea that equities typically achieve larger gains in January than in any other month. However, since 1993, this theory has been accurate just ...

Shares of Uber Technologies Inc. and the ride-hailing giant’s smaller rival, Lyft Inc., have sprinted higher this year. But analysts on Friday suggested there might not be much left in the tank for either stock heading into 2024. Nomura analysts Anindya Das and Masataka Kunugimoto on Friday downgraded Uber UBER, -2.49% to a neutral rating from buy, arguing that most of the things that could drive the stock higher are already baked into the price. They also downgraded Lyft LYFT, -3.54% to their equivalent of ...

While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024.For different reasons, financial services group Nomura recently downgraded both Uber and Lyft, Seeking Alpha reported Friday (Dec. 29).Uber, the dominant player in the ridesharing industry, reported an 11% increase in revenue in the third quarter of 2023 compared to the previous year, according to the report. This growth contributed to Uber’s overall strong financial performance a ...

Nomura downgraded both Lyft and Uber, but both stocks have been excellent in 2023Ridesharing bigwigs Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) are moving in opposite directions this morning, after Wall Street brokerage firm Nomura weighed in on the stocks.For LYFT, Nomura downgraded the stock to "reduce" from "neutral." They did hike its price target to $13 from $11.70, that still represents a discount to Lyft's current perch, last seen down 2.9% to trade at $15.10. The analyst cited shri ...

Rideshare drivers for Uber and Lyft held a protest at the Atlanta airport on Saturday, disturbing travel during one of the busiest holiday travel periods to demand better pay. The drivers shut off their apps at 4 p.m. and remained parked for several hours at Hartsfield-Jackson Atlanta International Airport to disrupt holiday travel, FOX 5 Atlanta reported. "As long as we protest, passengers will continue to be stranded, and maybe that will make an impact," one driver told FOX Atlanta. The protest was intend ...