Lyft (LYFT) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - Lyft closed at $14.76, reflecting a -1.14% change from the previous day, underperforming the S&P 500's gain of 0.54% [1] - Over the past month, Lyft shares gained 1.63%, lagging behind the Computer and Technology sector's gain of 5.77% and the S&P 500's gain of 4.2% [1] Earnings Projections - The upcoming EPS for Lyft is projected at $0.27, indicating a 12.50% increase year-over-year [2] - Revenue is expected to reach $1.61 billion, representing a 12.28% growth compared to the same quarter last year [2] Fiscal Year Estimates - For the fiscal year, earnings are projected at $1.1 per share and revenue at $6.51 billion, reflecting increases of +15.79% and +12.5% respectively from the prior year [3] - Recent analyst estimate revisions are seen as a positive indicator for Lyft's business outlook [3] Valuation Metrics - Lyft is currently trading at a Forward P/E ratio of 13.57, which is below the industry average Forward P/E of 19.88 [6] - The company has a PEG ratio of 0.66, compared to the Internet - Services industry's average PEG ratio of 1.54 [6] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 73, placing it in the top 30% of over 250 industries [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]