Lyft (LYFT) ended the recent trading session at $14.42, demonstrating a -3.55% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.24%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.26%.
Shares of the ride-hailing company have appreciated by 10.99% over the course of the past month, outperforming the Computer and Technology sector's gain of 9.41%, and the S&P 500's gain of 6.42%.
The investment community will be paying close attention to the earnings performance of Lyft in its upcoming release. The company is slated to reveal its earnings on May 7, 2026. The company is predicted to post an EPS of $0.3, indicating a 57.89% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.61 billion, reflecting a 11.35% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.54 per share and revenue of $7.21 billion, which would represent changes of +220.83% and +14.15%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Lyft. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.74% lower. Lyft is currently sporting a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Lyft is currently being traded at a Forward P/E ratio of 9.7. This represents a discount compared to its industry average Forward P/E of 14.94.
It's also important to note that LYFT currently trades at a PEG ratio of 0.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Services industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Lyft, Inc. (LYFT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).