Lyft(US:LYFT) ZACKS·2025-09-25 16:56Core Insights - Lyft's operational performance is strong, enhancing the company's future prospects, with proactive initiatives to maximize fleet utilization and expand rider access [1] - Lyft shares have appreciated significantly, making it an opportune time for investors to consider [1] Earnings Estimates - The Zacks Consensus Estimate for Lyft's upcoming-quarter earnings has been revised upward by 10.7% to 31 cents per share [2] - The 2026 earnings estimate is projected at $1.42 per share, reflecting a 6% increase over the past 60 days [2] Price Performance - Lyft's shares have increased by 65.2% over the past year, outperforming the Zacks Internet - Services industry's growth of 48.8% [2] Earnings Surprise History - Lyft has a mixed earnings surprise history, exceeding the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 15.76% [4] Industry Rank - Lyft's industry currently holds a Zacks Industry Rank of 100 out of 246, placing it in the top 41% of Zacks Industries [5] - The performance of the industry group is crucial, as it significantly influences stock price movements [5] Growth Factors - Lyft is set to launch fully autonomous ride-hailing in Nashville in 2026, leveraging its partnership with Waymo [6] - The collaboration aims to integrate Waymo's autonomous vehicles into Lyft's operations, enhancing fleet utilization and rider access [6][7] - In Q2 2025, Lyft reported a 14% year-over-year increase in rides to 234.8 million and a 10% rise in active riders to 26.1 million, both record highs [8]