Lyft (LYFT) Misses Q1 Earnings and Revenue Estimates

Company Performance - Lyft reported quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share, but showing an increase from $0.15 per share a year ago, representing an earnings surprise of -5% [1] - The company posted revenues of $1.45 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.96%, and up from $1.28 billion year-over-year [2] - Over the last four quarters, Lyft has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Outlook - The immediate price movement of Lyft's stock will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Lyft shares have declined approximately 2.4% since the beginning of the year, compared to a decline of 4.3% for the S&P 500 [3] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $1.62 billion, and for the current fiscal year, it is $1.02 on revenues of $6.51 billion [7] - The estimate revisions trend for Lyft is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Services industry, to which Lyft belongs, is currently in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]