Lyft (LYFT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - Lyft's stock closed at $12.47, reflecting a -0.48% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.19% [1] - Over the past month, Lyft's shares increased by 9.24%, outperforming the Computer and Technology sector, which saw a loss of 0.09%, and the S&P 500, which gained 2.06% [1] Earnings Forecast - Lyft is expected to report an EPS of$ 0.18, representing a 25% decline compared to the same quarter last year [2] - Revenue is projected to be $1.41 billion, indicating a 21.75% increase year-over-year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at$ 0.73 per share, reflecting a +12.31% change from the previous year, while revenue is expected to reach $5.58 billion, indicating a +26.62% increase [3] Analyst Estimates and Stock Price Correlation - Recent changes in analyst estimates for Lyft are crucial for investors, as positive revisions often signal a favorable business outlook [3][4] - The Zacks Rank system, which correlates estimate changes with stock prices, currently ranks Lyft at 3 (Hold) [5] Valuation Metrics - Lyft's Forward P/E ratio stands at 17.23, which is a discount compared to the industry's average Forward P/E of 29.44 [6] - The company has a PEG ratio of 0.43, significantly lower than the Internet - Services industry's average PEG ratio of 1.8 [6] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 135, placing it in the bottom 47% of over 250 industries [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]