Lyft Inc (NASDAQ:LYFT) is gearing up for its latest earnings report, due out after the close on Wednesday, Nov. 6. Rideshare peer Uber (UBER) had a rough day after its report last week, following a decline in gross bookings, so we'll see if LYFT fares better. The stock's post-earnings history doesn't do much to alleviate concern, however, as it's only finished higher after two of its last eight reports. LYFT posted a 16.9% drop after earnings last quarter, though it made a swift recovery on the charts. This ...

Investors might want to bet on Lyft (LYFT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation between t ...

Core Viewpoint - The US Department of Justice has filed a lawsuit against Lyft for making deceptive claims regarding driver earnings, leading to a proposed settlement that includes a civil penalty of $2.1 million [1][2][5]. Group 1: Legal Actions and Claims - The lawsuit alleges that Lyft violated the Federal Trade Commission Act by making deceptive earnings claims between April 2021 and June 2022 [2]. - Lyft's advertisements reportedly used earnings calculations based on the 80th percentile, misleading drivers into believing that the figures represented typical earnings [3]. - The complaint highlighted that Lyft's claims about driver earnings did not clarify that tips were included in the hourly amounts, potentially misleading drivers about their actual earnings [3][4]. Group 2: Settlement Details - Lyft has agreed to a proposed settlement that includes a $2.1 million civil penalty, although the company neither admitted nor denied the government's claims [4][5]. - The settlement prohibits Lyft from making any earnings claims without meaningful evidence and requires clear disclosure that tips are not included in stated hourly earnings [5]. - Lyft must also inform drivers that under its earnings guarantees, they will only receive the difference between their regular earnings and the guaranteed amount [5][6].

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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