Lyft (LYFT) Lags Q2 Earnings and Revenue Estimates

Core Insights - Lyft reported quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.27 per share, and showing a slight increase from $0.24 per share a year ago, resulting in an earnings surprise of -7.41% [1] - The company posted revenues of $1.59 billion for the quarter ended June 2025, which was 1.49% below the Zacks Consensus Estimate, compared to $1.44 billion in the same quarter last year [2] - Lyft's stock has increased by approximately 12.5% since the beginning of the year, outperforming the S&P 500's gain of 7.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $1.7 billion, and for the current fiscal year, it is $1.10 on revenues of $6.5 billion [7] - The estimate revisions trend for Lyft was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Internet - Services industry, to which Lyft belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting that stocks in the top 50% of Zacks-ranked industries outperform those in the bottom 50% by more than 2 to 1 [8]